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First Spot XRP ETF Launches In Canada
In a groundbreaking move, Canada has become the first country to launch a spot exchange-traded fund (ETF) for Ripple’s cryptocurrency, XRP. Purpose Investments and 3iQ have received regulatory approval from the Ontario Securities Commission (OSC) to offer two separate products: the Purpose XRP ETF and the 3iQ XRP ETF.
The introduction of these ETFs marks a significant milestone in the adoption of crypto assets in Canada, solidifying the nation’s position as a pioneer in this space. The new products will provide investors with transparent and regulated exposure to XRP, offering a unique opportunity for those seeking to gain access to this burgeoning market.
Purpose Investments has unveiled the Purpose XRP ETF, which will be listed on the Toronto Stock Exchange under the tickers XRPP (CAD-hedged), XRPP.B (CAD unhedged), and XRPP.U (USD-denominated). The fund is eligible for inclusion in Canadian tax-advantaged accounts such as RRSPs and TFSAs.
The 3iQ XRP ETF, known as XRPQ, offers a unique zero-fee structure for the first six months. Ripple, the company behind XRP, has reportedly made an early strategic investment in this fund, underscoring growing institutional support.
While Canada takes the lead with this development, it’s worth noting that other countries have already explored similar products. In April 2025, Brazil approved a spot XRP ETF, XRPH11, through a collaboration between Hashdex and Genial Investimentos. The fund quickly gained popularity on Brazil’s B3 stock exchange, indicating a strong appetite for regulated XRP offerings in the region.
The European market has also seen significant growth in XRP-related financial instruments. A WisdomTree Physical XRP ETP has been listed on multiple exchanges across Europe, including Xetra, SIX Swiss Exchange, and Euronext. This product provides institutional investors with secure and regulated exposure to XRP.
In contrast, the United States Securities and Exchange Commission (SEC) remains indecisive regarding spot XRP ETFs. Several asset managers have filed for approval, but none have been granted thus far, leaving American investors still waiting for a regulatory green light.
The launch of these two new products underscores Canada’s commitment to fostering innovation in the digital assets space. The country has consistently demonstrated its willingness to adapt and evolve with market trends, offering an environment where cryptocurrency adoption can thrive.
Source: timestabloid.com
