Canada has officially launched the first XRP exchange-traded fund (ETF) in North America. Managed by digital asset firm 3iQ, the fund – trading under the ticker XRPQ – went live on the Toronto Stock Exchange. The ETF provides direct exposure to XRP, secured via cold storage, and includes a promotional 0% management fee for its first six months.
The fund is available to both retail and institutional investors in Canada, and may also be accessible to qualified international investors depending on local regulations. Ripple, the company behind XRP and the XRP Ledger, is listed as an early investor in the product.
This development follows the launch of Canada’s first Solana ETF earlier this year, which included staking rewards. Together, these approvals signal an expanding interest in regulated crypto investment products in Canada, with multiple digital assets now offered through traditional financial instruments.
Read also: Brazil Launches First Spot XRP ETF
U.S. Outlook and Market Expectations
While the United States has not yet approved an XRP ETF, the probability of such an approval is considered high by market participants. On the decentralized prediction platform Polymarket, the odds of a U.S. XRP ETF approval by the end of 2025 currently stand at 90%. This figure places XRP among the top contenders for upcoming ETF authorizations, second only to Solana.
Read also: Solana ETF Approval Odds Surge Following SEC Developments
The U.S. Securities and Exchange Commission (SEC) is currently reviewing applications from multiple firms – including Franklin Templeton and WisdomTree – for XRP and Solana ETFs. These efforts come after Ripple resolved long-running legal disputes with the SEC earlier in the year, including a $50 million settlement. Regulatory clarity in the U.S. is seen as a contributing factor in increasing investor confidence.
Price Action and Market Context
Despite the ETF launch, XRP has not experienced a significant upward price movement. At the time of writing, XRP is trading around $2.15, having declined 7% in the past week and over 9% during the past month. However, on a year-over-year basis, XRP remains up nearly 350%.
XRP’s recent price struggles appear to be influenced by broader factors, including the Israel-Iran conflict, ongoing global trade tensions, and uncertainty surrounding the global economic outlook. While the ETF’s debut has not yet led to a noticeable shift in XRP’s market performance, it could support a potential recovery once external pressures begin to ease.
