Crypto asset XRP makes its way into the national spotlight as Canadian companies introduce exchange-traded funds (ETFs) based on cryptocurrencies.

Crypto asset XRP makes its way into the national spotlight as Canadian companies introduce exchange-traded funds (ETFs) based on cryptocurrencies.

Canada has made a significant stride in the world of cryptocurrency investment, marking a landmark moment with the simultaneous launch of three XRP exchange-traded funds (ETFs) on June 18, 2025. This groundbreaking event provides North American investors with direct exposure to XRP through traditional investment accounts on the Toronto Stock Exchange (TSX).

The three ETFs introduced were from:

1. 3iQ, trading under the ticker XRPQ, quickly became Canada’s largest XRP ETF with CAD$32 million in assets under management within just 72 hours after its debut. 2. Purpose Investments, with their ETF trading under XRPP, was Canada’s first spot XRP ETF and the world’s second globally after Brazil’s Hashdex. Despite a challenging start due to the ETF's price trending lower following XRP market performance, it offers options in CAD-hedged and non-hedged versions, plus favorable tax treatment in accounts like TFSAs and RRSPs. 3. Evolve ETFs, trading under XRP (CAD unhedged) and XRP.U (USD), aims to hold physical XRP for long-term secure exposure and was designed to offer a convenient alternative to direct cryptocurrency investment.

### Historical Context and Growth

Prior to these launches, XRP ETFs were scarce globally, with Brazil being the only country having one spot XRP ETF before Canada’s introduction. Canada’s regulatory environment and investor demand have positioned it as a leader in regulated cryptocurrency investment products for XRP, the third-largest cryptocurrency by market cap.

### Current Offerings' Features

These ETFs hold physical XRP, providing investors a regulated, secure, and transparent way to invest without the need to directly handle tokens. They are accessible via traditional brokerage accounts and eligible for tax-advantaged investment vehicles. Management fees range around 0.69%, capped at 0.89% for some funds, making them cost-competitive. The ETFs reflect XRP’s use case as a cryptocurrency geared towards fast, low-cost cross-border payments and decentralized exchanges, appealing to investors interested in blockchain infrastructure technologies.

### Future Prospects

The launch of multiple XRP ETFs in Canada may pave the way for the expansion of cryptocurrency ETFs globally, especially in larger markets like the United States. The U.S. Securities and Exchange Commission (SEC) is currently reviewing applications for spot XRP ETFs from firms including Franklin Templeton and WisdomTree, indicating potential for future approvals and wider adoption.

With increasing institutional adoption, better regulatory clarity, and innovative products being offered, the trend of XRP ETFs is expected to continue growing, offering investors diverse ways to gain exposure to cryptocurrency assets within regulated frameworks.

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**Summary Table: XRP ETFs in Canada (June 2025)**

| ETF Provider | Ticker(s) | Launch Date | Key Features | AUM (post-launch) | |-------------------|-------------|-------------|-------------------------------------------------|-------------------| | 3iQ | XRPQ | June 18, 2025 | Largest XRP ETF in Canada, rapid asset growth | CAD$32 million | | Purpose Investments| XRPP, XRPP.B| June 18, 2025 | Multiple currency options, tax-advantaged | Early trading challenges | | Evolve ETFs | XRP, XRP.U | June 18, 2025 | Physical XRP holdings, secure and long-term focus| Not specified |

Canada’s strategic move to introduce multiple XRP ETFs at once represents a pivotal moment in cryptocurrency investment, expanding regulated access and setting a precedent for future developments worldwide.

1. The simultaneous launch of multiple XRP ETFs in Canada, including those from providers like 3iQ, Purpose Investments, and Evolve ETFs, marks a significant instance where technology, finance, and investing intersect, providing investors with a secure, regulated, and transparent way to invest in XRP, one of the world's leading cryptocurrencies.
2. As a result of this strategic move, Canada has solidified its position as a global leader in the realm of regulated cryptocurrency investment products, particularly in the technology-driven field of XRP. With XRP ETFs now accessible via traditional brokerage accounts and eligible for tax-advantaged investment vehicles, investing in this third-largest cryptocurrency by market cap has never been more appealing to North American investors.

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