📈✨Canada Just Launched Spot ETFs For XRP !
But What is a Spot ETF?
A Spot ETF (Exchange-Traded Fund) is a regulated investment product that holds the underlying asset directly, not just a derivative or a contract. In crypto terms, a Spot ETF actually buys and securely stores real crypto (like XRP) in a custodial wallet, then issues tradable shares on a stock exchange. It tracks the real-time (“spot”) market price of the asset. Investors can buy/sell these shares just like stocks — no need for personal wallets, private keys, or crypto exchanges. Spot ETFs make crypto exposure safer and accessible to traditional portfolios, including tax-sheltered accounts. In short: A Spot ETF = simple stock-like access to real crypto, fully backed and securely custodied.
Canada just made headlines by approving the world’s first Spot XRP ETFs. Purpose Investments and 3iQ Corp launched XRP funds on the Toronto Stock Exchange (TSX). These ETFs hold actual XRP on cold storage with Gemini/Coinbase. Investors can gain direct XRP price exposure in regulated retirement accounts (like RRSP & TFSA) — no exchanges, no wallets, no extra hassle. This move signals growing institutional trust in XRP and could set a benchmark for future U.S. approvals.