Canada

Canada Just Said Lessgo to XRP ETFs! 🇨🇦🚀

First Spot XRP ETF Launches In Canada. Okay, so Canada's been playing chess, not checkers. They just dropped the first XRP ETFs, and the crypto fam is hyped. Purpose Investments and 3iQ are leading the charge. XRP might actually hit $3?!?!👀

Edith Singh

18 Jun 2025 — 1 min read

TL:DR

Okay, so Canada's been playing chess, not checkers. They just dropped the first XRP ETFs, and the crypto fam is hyped. Purpose Investments and 3iQ are leading the charge. XRP might actually hit $3?!?!👀

The Deets

Yo, listen up! The OSC (aka the Ontario Securities Commission) just gave Purpose Investments and 3iQ the green light to launch spot XRP ETFs back on June 18, 2025.

Purpose Investments is out here with the Purpose XRP ETF, and they're giving you options, fam: XRPP, XRPP.B, XRPP.U. Plus, it's chill with Canadian tax-advantaged accounts, so that's a W.

3iQ ain't playing either. They dropped the 3iQ XRP ETF (XRPQ) and are flexing with a zero-fee period for the first six months. And get this, Ripple was an early investor. Major key alert!🔑

But wait, there's more! Brazil already approved a spot XRP ETF in April 2025. Europe's got some XRP-related stuff too, like the WisdomTree Physical XRP ETP. Meanwhile, the U.S. is still snoozing, even though a bunch of asset managers have been trying to get a spot XRP ETF approved.

Word on the street is 3iQ's XRP ETF is on the Toronto Stock Exchange (TSX) under XRPQ. They're letting it ride with a 0% management fee for the first six months. Global investors can hop in too, as long as they follow their local rules.

And the price? $XRP saw an 8% jump after the ETF news. The whales are out in full force, holding over 1M XRP like it's hot. The number of active XRP addresses is also up, which is super bullish.

Some peeps are saying $XRP could hit $3 in the next few weeks and maybe even $4 by the end of the year!

The approval of the XRP spot ETF in Canada? It's a huge W for the crypto world.

Abbreviations Glossary

Abbreviation	Full Form
Lessgo	Let's go, expressing excitement.
Hyped	Excited, enthusiastic.
W	Win.
Major Key Alert	Important.
Peeps	People.
Bullish	Positive outlook on the market.
OSC	Ontario Securities Comission
Fam	Friends.

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