In the past two months, Canadian spot XRP ETFs have drawn significant attention due to the rapid accumulation of tokens. The XRP community is discussing the implications of this event and its impact on the market.
Overview of Canadian XRP ETFs
According to a post by Reddit user Pitiful-Estimate-949, the three Canadian ETFs hold a total of 96.1 million XRP, with combined assets of CAD $285.3 million.
Fund breakdown:
* Evolve XRP ETF (XRP, XRP.U): CAD $49.8M → 16.7M XRP * Purpose XRP ETF (XRPP, XRPP.B, XRPP.U): CAD $112.1M → 37.7M XRP * 3iQ XRP ETF (XRPQ, XRPQ.U): CAD $123.4M → 41.5M XRP
Unlike futures-based products, these are spot ETFs, meaning they hold actual XRP tokens.
Potential Impact of U.S. Spot XRP ETF Approval
The accumulation figures in Canada raise questions about what this could mean for the market in the United States. Many in the XRP community believe that if Canadian demand has absorbed nearly 100 million XRP, a similar scenario in the U.S. would be massive. Some compare it to Bitcoin ETFs, which have already attracted billions of dollars, suggesting that XRP could see similar institutional interest.
> One Reddit user summed it up: "If this is what Canada can do, imagine Wall Street! XRP ETFs in the U.S. would change the whole game."
XRP Community Reactions
The discussions surrounding this situation have sparked mixed emotions within the community. Some users celebrated the uptick as a sign of legitimacy for XRP, while others noted that no other Canadian crypto ETF has matched this pace of inflow. Many are now considering buying ETF shares directly for safer exposure or in anticipation of a broader institutional push.
Canadian spot XRP ETFs have shown a high level of interest and demand for tokens, leading to widespread discussions about their potential impact on the U.S. market. The XRP community continues to monitor the developments closely.
