๐ BREAKING! Canada officially launches TWO Spot $XRP ETFs โ the first in the world!
๐ Date: June 18, 2025
๐ Platform: Toronto Stock Exchange (TSX)
๐ฆ Issuer & Ticker
Evolve XRP ETF (by Evolve Funds Group):
AUM Evolve: US $7 billion
Ticker: XRP (CAD) and XRP.U (USD)
Purpose XRP ETF (by Purpose Investments)
๐ฏ What Does This Mean?
1. Two ETF options provide investors with diversification options in various currencies.
2. Total assets from Evolve alone reached US $7 billion at launchโshowing significant institutional confidence.
3. Investors can now hold XRP through TFSA/RRSP accounts legally & securely, without holding a personal wallet.
4. This strengthens the legitimacy of XRP as a mainstream investment assetโcontinuing the path previously taken by Bitcoin and Ethereum.
๐ Potential Impact
Large institutional capital flows in through ETFs: opportunities for significant price and volume increases.
Could encourage other XRP supporters, including in the US, to expedite the ETF approval process.
Signals to global regulators that cryptocurrencies like XRP deserve a place in traditional markets.
๐ฌ In your opinion, will it trigger XRP to $3, $5, or even more?