Canada has launched the world’s first Spot XRP ETF, marking a historic step in cryptocurrency adoption. This move offers global investors a new, regulated way to access XRP without holding the token directly.
The ETF was introduced by 3iQ Corp, a leading digital asset manager in Canada. It is now trading on the Toronto Stock Exchange (TSX). The fund tracks the real-time price of XRP, giving investors transparent and direct exposure to the asset.
Why This Launch Matters
This launch comes as other countries, like the U.S., remain cautious about spot crypto ETFs. Canada is showing how a forward-thinking approach can boost innovation while still following regulations.
Experts believe this product could attract more institutional interest in XRP. It may also encourage other countries to follow Canada’s lead, especially if the ETF shows strong performance.
Impact on XRP’s Price and Adoption
Since the launch, price has jumped. Trading volume also spiked, showing investor excitement. Many see this ETF as a sign of growing trust in XRP.
With this product, becomes easier to access through traditional markets. That could drive global adoption even further. As more ETFs include , it could become a staple in mainstream crypto investment portfolios.
