First Spot XRP ETF Launches in Canada: A Game Changer for Crypto

First Spot XRP ETF Launches in Canada, and the crypto world is watching closely. On June 18, 2025, Canada made history by becoming the first North American country to approve a spot XRP exchange-traded fund (ETF). This move could reshape how both retail and institutional investors gain exposure to XRP. With crypto markets heating up, this launch signals a new era for spot XRP investment—and the global ETF race is officially on.

What Is the First Spot XRP ETF Launches in Canada?

Canada’s spot XRP ETF allows investors to buy shares that directly represent XRP tokens. Unlike futures-based products, these ETFs actually hold spot XRP, stored securely by custodians like Coinbase and Gemini. The Purpose XRP ETF offers multiple tickers (XRPP, XRPP.B, XRPP.U) for different currency options. Meanwhile, 3iQ’s XRPQ ETF launched with zero management fees for six months, aiming to attract early adopters.

This development provides simplified, regulated access to XRP via normal brokerage accounts. Investors no longer need to worry about crypto wallets or private keys.

Why First Spot XRP ETF Launches in Canada Matters in 2025

The launch of the First Spot XRP ETF in Canada is more than a milestone—it’s a signal of growing institutional adoption. Here’s why it matters:

• Regulatory breakthrough: Canada’s Ontario Securities Commission fast-tracked approval, beating the U.S. to market.

• Institutional confidence: Major firms like Ripple are backing these products, enhancing credibility.

• Market impact: XRP price surged 7–8% after the announcement, briefly outperforming Bitcoin in 24-hour returns.

• Investor access: Canadians can now add XRP to tax-advantaged accounts like TFSAs and RRSPs.

This could pressure U.S. regulators to act, as several XRP ETF applications await SEC decisions later this year.

Top Insights from Canada’s XRP ETF Launch

Direct XRP Exposure, No Derivatives

Both Purpose XRP ETF and 3iQ XRPQ ETF hold actual XRP tokens, providing true spot exposure.

Flexible Fee & Currency Options

Purpose charges between 0.69%–0.89% management fees across its share classes, while 3iQ is waiving fees for the first six months.

Strong Market Reaction

The launch drove XRP to the mid-$2 range. Analysts expect short-term consolidation, with potential breakouts fueled by institutional inflows.

Global Ripple Effect

With Canada joining Brazil and Switzerland in offering spot XRP products, other markets may follow. This intensifies the race to list altcoin spot ETFs worldwide.

How to Get Started with XRP ETFs in Canada

If you’re in Canada and want to join this crypto evolution, follow these steps:

1.Open an account with a Canadian brokerage that supports TSX trading (e.g., RBC Direct Investing or TD Direct Investing).
2. Fund your account in CAD or USD.
3. Search for XRPP, XRPP.B, XRPP.U (Purpose) or XRPQ (3iQ).
4. Place your order based on your currency preference.
5. Consider holding in a TFSA or RRSP for tax benefits.

The First Spot XRP ETF Launches in Canada marks a historic moment for crypto ETFs in North America. By offering regulated, spot-based XRP investment tools, Canada sets a bold example. This launch opens doors for both retail and institutional investors and could spark similar approvals worldwide.

FAQ

1️⃣ What is a spot XRP ETF?
A spot XRP ETF directly holds XRP tokens rather than derivatives, giving investors actual exposure to XRP’s market price without the need for private wallets.

2️⃣ Which companies launched the first XRP ETFs in Canada?
The Purpose XRP ETF and 3iQ XRPQ ETF are the first spot XRP ETFs launched on the Toronto Stock Exchange (TSX).

3️⃣ How can Canadians invest in the Purpose XRP ETF?
Canadians can invest through brokerages like RBC Direct Investing or TD Direct Investing by purchasing XRPP, XRPP.B, or XRPP.U on the TSX.

4️⃣ Why is the launch of a spot XRP ETF significant?
It offers secure, regulated access to XRP for retail and institutional investors, potentially increasing adoption and influencing global crypto ETF markets.

5️⃣ When will the U.S. approve a spot XRP ETF?
Several XRP ETF filings are under SEC review in the U.S., with decisions expected by October 2025.