Catenaa, Thursday, June 19, 2025- Canadian regulators have approved the country’s first spot XRP exchange-traded fund, marking a milestone for cryptocurrency investment products in North America and sparking hopes for broader institutional adoption of digital assets.
The Purpose XRP ETF (XRPP), greenlit this week, will begin trading imminently on Canadian markets, offering exposure to XRP in both Canadian and US dollar denominations. Evolve’s XRP ETF is also expected to launch on June 18, broadening investor access to Ripple’s native token.
This development positions Canada as a regional pioneer in spot crypto ETFs, ahead of the United States, where similar applications await regulatory approval. Analysts view the move as a positive signal for the broader digital asset ecosystem, particularly as institutional and retail interest continues to rise.
Canadian regulators were among the first to approve spot Bitcoin and Ethereum ETFs in past years. The addition of XRP further solidifies the nation’s reputation as a leader in formalizing crypto-based financial instruments.
Market analysts believe the ETF’s launch could boost trading volume and liquidity for XRP, enhancing price stability and investor confidence. Although XRP’s price saw only a modest 0.2% increase in the past 24 hours, trading volumes tripled following the announcement, indicating a surge in market engagement.
Observers say the approval could set a precedent that influences decisions in the US and other major jurisdictions. For now, the spotlight remains on Canada as it advances the integration of digital assets into mainstream finance.
