Canada is making a significant mark on the crypto market with the launch of the first XRP ETFs by Purpose Investments and 3iQ. This step opens up new opportunities for investors in digital assets.
Launch of XRP ETFs
On June 18, 2025, the first spot XRP ETFs launched on the Toronto Stock Exchange. These funds, developed by Purpose Investments in collaboration with 3iQ, represent a landmark event for the cryptocurrency market in North America. The start of these funds confirms the growing legitimacy of XRP in the investment arena.
Role of Ripple and Institutional Investors
Ripple, the creator of XRP, acted as an early investor in the 3iQ ETF, highlighting its role in expanding the infrastructure for digital assets. A manager from Purpose Investments noted, "We’re proud to expand our ETF offerings with the launch of the spot XRP ETF, catering to both institutional and retail investors."
Impact on Crypto Investment
The launch of XRP ETFs could increase interest from institutional investors, similar to previous launches of Bitcoin and Ethereum ETFs in Canada. These funds are compliant with Canadian regulations, providing new opportunities for funding XRP assets and enhancing their appeal in the market. Asset managers like Gemini and Coinbase play a crucial role in ensuring secure storage of assets.
The debut of the first XRP ETFs in Canada marks an important step for the cryptocurrency market and may create new trends in investment. This event reinforces XRP's position among other currencies and opens new horizons for institutional investors.
