XRP News Today: Canada Launches First Spot XRP ETF on TSX

Canada has made a significant stride in the integration of digital assets with traditional finance by launching its first spot XRP ETF on the Toronto Stock Exchange (TSX). The 3iQ XRP ETF, trading under the ticker XRPQ, offers direct spot exposure to Ripple's XRP, marking the first such offering in Canada and the third globally. This development is anticipated to open the door for similar crypto ETFs in North America, bridging the gap between conventional finance and the expanding world of digital assets.

The ETF, which began trading on June 18, 2025, is available in CAD-hedged, CAD non-hedged, and USD-denominated versions, with a management fee of 0.69%. This launch is a result of the Ontario Securities Commission's approval, which has been hailed as a significant step in legitimizing digital assets in Canada. Vlad Tasevski, Purpose Investments' Chief Innovation Officer, emphasized that the ETF's compatibility with tax-advantaged accounts like TFSAs and RRSPs makes it an attractive option for investors seeking regulated exposure to XRP.

The launch of the spot XRP ETF is expected to set a precedent for other crypto ETFs in North America. It eliminates the need for investors to manage private wallets or navigate cryptocurrency exchanges, as they can gain exposure to XRP through traditional brokerage platforms. This development is seen as a positive sign for the broader crypto ecosystem, particularly for assets like XRP that focus on interoperability and cross-border transactions.

The approval of the spot XRP ETF in Canada comes at a time when the regulatory environment for digital assets is evolving. The U.S. Senate's recent approval of the GENIUS Act, which establishes federal oversight for stablecoins, is another indicator of growing recognition and acceptance of digital assets. This regulatory clarity is expected to benefit XRP and other cryptocurrencies by improving their operational environment and accelerating institutional adoption.

The launch of the spot XRP ETF is also seen as a bullish signal for the broader crypto ecosystem. It comes at a time when the stablecoin market is facing significant adoption barriers, including the high cost of building distribution networks and the inability of institutions to treat stablecoins as cash equivalents. The launch of the ETF, along with initiatives like Ubyx's global stablecoin clearing system, aims to address these challenges by creating a more integrated and efficient ecosystem for digital assets.

In summary, the launch of Canada's first spot XRP ETF on the TSX is a significant development in the world of digital assets. It provides investors with a regulated and convenient way to gain exposure to XRP, and it sets a precedent for similar crypto ETFs in North America. The approval of the ETF comes at a time when the regulatory environment for digital assets is evolving, and it is seen as a positive sign for the broader crypto ecosystem.