XRP News Today: Canada Launches Three Spot XRP ETFs In One Day

On June 18, 2025, Canada took a monumental step in the cryptocurrency market by introducing three spot XRP exchange-traded funds (ETFs) in a single day. This event is a landmark in the regulated access to cryptocurrencies, particularly for XRP, which is the third-largest cryptocurrency asset by market capitalization. The three ETFs launched were from 3iQ, Purpose Investments, and Evolve ETFs, all of which began trading on the Toronto Stock Exchange.

3iQ, a well-known Canadian investment firm, launched its spot XRP ETF under the ticker XRPQ. This ETF allows North American investors to gain direct exposure to the price movements of XRP through traditional investment accounts, reflecting the increasing demand for regulated cryptocurrency investment products.

Purpose Investments, another leading asset manager, received regulatory approval to launch its Purpose XRP ETF, trading under the ticker XRPP. This ETF provides investors with a regulated and secure way to gain exposure to XRP, further expanding the options available for cryptocurrency investment in Canada. The launch of XRPP by Purpose Investments is expected to attract a wide range of investors seeking to diversify their portfolios with cryptocurrency assets.

Evolve ETFs, recognized for its innovative investment products, also debuted its spot XRP ETF on the same day. This ETF offers investors another avenue to access XRP through a regulated and transparent investment vehicle. The simultaneous launch of these three ETFs underscores the increasing acceptance and integration of cryptocurrencies into the traditional financial system.

The debut of these three XRP ETFs in Canada is a significant development for the cryptocurrency market. It demonstrates the growing demand for regulated cryptocurrency investment products and the willingness of regulatory bodies to approve such offerings. This move is expected to accelerate the adoption of cryptocurrencies by providing investors with a secure and regulated way to gain exposure to digital assets.

The launch of these ETFs is also likely to have a positive impact on the long-term outlook for XRP. By offering investors a regulated and transparent way to access XRP, these ETFs could attract a broader range of investors, potentially driving up demand for the cryptocurrency. This increased demand could, in turn, lead to a more stable and predictable price for XRP, benefiting both investors and the broader cryptocurrency market.

In summary, the debut of three spot XRP ETFs in Canada on June 18, 2025, marks a significant milestone in the regulated access to cryptocurrencies. The launch of these ETFs by 3iQ, Purpose Investments, and Evolve ETFs provides investors with new opportunities to gain exposure to XRP through traditional investment accounts. This development is expected to accelerate the adoption of cryptocurrencies and have a positive impact on the long-term outlook for XRP.