According to the website - By Marketbit.io
In June 2025, the first spot XRP ETF was launched in Canada by Purpose Investments and Evolve Funds Group, demonstrating significant growth of almost 38% since trading began in Toronto.
High indicators suggest a growing interest in XRP among institutional investors, which could potentially change the dynamics of the regulated digital asset market and encourage further industry research.
Evolve XRP ETF (XRP.U) demonstrated significant growth of 37.6% from the listing price, closing at $13.53 at the end of August. This growth indicates an increase in institutional capital inflows into XRP as a major asset in Canada.
Broadly speaking, shortly after the ETF approval, XRP outperformed competitors like BTC and ETH, highlighting investor interest in this new regulated product. Interest in the potential role of XRP in financial systems has increased in the market. Transparency of regulation and institutional adoption.
The significant growth of the ETF followed a court clarification ruling that XRP is not a security in Canada. This is crucial for the future of the asset in terms of institutional expansion and market integration into the country's financial system.
The role of XRP in financial transactions is emphasized by Ripple's ODL system, which processes trillions of dollars in global settlements. This aligns with industry trends showing that regulatory transparency can stimulate institutional adoption and innovation in cross-border payments.
"Regulatory transparency is the cornerstone of true institutional adoption." — Brad Garlinghouse, CEO of Ripple
$BTC, $XRP, $BNB
#Cryptomarketnews, #CryptoRally
Here, in one news feed, we gather and publish the freshest news from more than a dozen news sites and printed publications regarding changes in the cryptocurrency market and global financial changes!!!
Welcome to us! If the news seems interesting to you, don't forget to share it with other interested parties in the world of cryptocurrencies. There's enough news for everyone!!! 😉
