TORONTO, Canada – In a landmark development for the digital asset space, June 18, 2025, saw the simultaneous launch of three Exchange Traded Funds (ETFs) tracking XRP on the Toronto Stock Exchange (TSX). This significant move by Evolve Funds Group Inc., Purpose Investments Inc., and 3IQ Corp. underscores Canada's continued leadership in providing regulated and accessible avenues for investors to gain exposure to cryptocurrencies.
The debut of these XRP ETFs on a major North American exchange marks a pivotal moment, offering investors a secure, transparent, and familiar way to invest in XRP without the complexities of directly holding the digital asset. It allows for inclusion in traditional brokerage accounts, including tax-advantaged ones like TFSAs and RRSPs in Canada.
This accelerated embrace of XRP ETFs by Canadian regulators stands in stark contrast to the ongoing deliberations in the United States, where the SEC continues to review similar applications. As Coinbase's Chief Legal Officer Paul Grewal noted, "regulatory clarity drives innovation," highlighting Canada's progressive stance.
XRP, the native digital asset of the XRP Ledger, is designed for real-world utility, particularly in facilitating fast, low-cost cross-border payments and decentralized exchange functionalities. The launch of these ETFs further legitimizes XRP within mainstream finance, reflecting growing institutional demand for regulated crypto products. With Ripple Labs itself being an early investor in one of these funds (3IQ XRP ETF), it signals strong confidence in the regulated market for XRP.
The availability of these ETFs not only provides increased liquidity and a regulated pathway for investors but also signals a broader acceptance of XRP's role in the evolving digital financial landscape. For those looking to participate in the growth of blockchain technology and its real-world applications, these new XRP ETFs offer a compelling opportunity to integrate this innovative digital asset into diverse investment portfolios.
