๐ข ๐๐ป๐๐๐ถ๐๐๐๐ถ๐ผ๐ป๐ ๐๐๐๐ถ๐ป๐ด ๐ซ๐ฅ๐ฃ ๐๐ต๐ฒ๐ฎ๐ฝ๐ฒ๐ฟ ๐ง๐ต๐ฎ๐ป ๐ฌ๐ผ๐? ๐๐๐ข ๐ฆ๐ฎ๐๐ ๐ฌ๐ฒ๐
๐ฅ Big news from Canada: Two XRP exchange-traded funds (ETFs) just launched โ giving institutional investors new ways to invest in XRP.
๐จโ๐ผ Pascal St-Jean, CEO of Canadian firm 3iQ, made a bold claim:
โNo retail investor can buy XRP at the same low price we offer to institutions.โ
๐ Whatโs Going On?
๐จ๐ฆ Canada now has two XRP ETFs:
3iQโs XRPQ โ Launched with zero fees for 6 months
Purposeโs XRP Spot ETF โ Offers direct XRP exposure
These ETFs give big investors better access to XRP with lower costs and secure storage
๐ 3iQโs fund has already become Canadaโs largest XRP ETF, just days after launching.
๐ก Why It Matters
โ ETFs allow institutions to invest in XRP easily and securely
โ 3iQ says it can offer XRP at cheaper prices than retail investors get
โ Ripple supports these ETFs โ a sign it welcomes institutional growth
Meanwhile, the U.S. is still waiting on XRP ETF approvals. But Canada is moving fast, and institutions are gaining the upper hand.
๐จ The Takeaway
Institutions are getting priority access to XRP through ETFs โ with lower fees, better prices, and easier buying.
๐ Retail investors might soon face more competition as big players enter the XRP market in a regulated way.