Canada Green-Lights First XRP ETF, Beating the U.S. to Market
We may earn commissions from affiliate links or include sponsored content, clearly labeled as such. These partnerships do not influence our editorial independence or the accuracy of our reporting. By continuing to use the site you agree to our terms and conditions and privacy policy.
Purpose Investments has received the green light to launch Canada’s first spot XRP ETF, with trading set to begin on June 18.
The Ontario Securities Commission (OSC) also approved the ETF for inclusion in registered accounts, offering investors tax advantages.
This makes Canada only the second country globally to offer a spot XRP fund, reinforcing its status as a leader in regulated crypto products. Purpose previously launched North America’s first Bitcoin ETF in 2021.
Read More:
The move comes despite Canada’s newly elected prime minister being critical of Bitcoin. Meanwhile, the U.S. SEC continues to delay similar approvals, with no major asset manager yet filing for a spot XRP ETF. Analysts expect growing international momentum to increase pressure on U.S. regulators.
Market watchers believe that Canada’s approval could set a precedent, particularly if the XRP ETF sees strong demand. As the SEC continues its legal battle with Ripple, global adoption of XRP-based investment products may accelerate, potentially leaving the U.S. behind in yet another area of digital asset innovation.
Commentaries 
Fill in necessary fields and publish