🇨🇦 Canada Approves World’s First Spot XRP ETF — While the U.S. Stalls

Canada just did what the U.S. can’t (or won’t): Greenlit the first-ever spot ETF for XRP, giving investors direct access to Ripple’s native token — no wallets, no exchanges, no drama.

🪙 What Is XRP and Why This ETF Changes the Game

XRP isn’t just another altcoin.

It powers the XRP Ledger, a blockchain used for real-time, low-cost cross-border payments — the kind that replace SWIFT and settle in seconds.

And now? It’s going mainstream finance.

📈 A spot ETF means the fund holds real XRP, not futures contracts 📊 Investors can buy it like a stock — through TSX under ticker: XRPP 💼 No need for crypto wallets or exchanges

📦 How the Purpose XRP ETF Works

The ETF is launching in three flavors:

• XRPP: CAD-hedged
• XRPP.B: CAD unhedged
• XRPP.U: USD-denominated

✅ Eligible for TFSAs and RRSPs ✅ Regulated, tax-advantaged, institution-friendly

TL;DR — It’s XRP inside your retirement account.

🧠 Why Canada Beat the U.S. (Again)

This isn’t Canada’s first rodeo. The Ontario Securities Commission (OSC) was also first to approve spot Bitcoin and Ethereum ETFs back in 2021.

Meanwhile, in the U.S.? The SEC is still fighting Ripple in court — and delaying spot XRP ETF approvals.

🇨🇦 Canada = rules + clarity 🇺🇸 U.S. = confusion + courtrooms

This ETF launch is a regulatory flex — and a warning shot to the SEC.

🌍 Global Impact: Ripple Across Borders

What happens when a G7 country approves a spot XRP ETF?

🌐 It gives legitimacy to XRP in institutional circles 📣 Puts pressure on U.S. regulators and global markets 🗂 May unlock ETF filings stuck in SEC limbo (Bitwise, 21Shares, ProShares, etc.)

And while BlackRock hasn’t filed yet, the Trump-era shift may soon unfreeze the U.S. XRP narrative.

🏛️ Political Twist: Canada’s PM Is a Crypto Skeptic

New Canadian PM Mark Carney once bashed Bitcoin. But under his leadership, Canada is…

✅ Supporting XRP ✅ Embracing regulated digital assets ✅ Sending a message: utility > ideology

Purpose Investments CIO Vlad Tasevski said it best:

“This shows Canada is serious about building a real digital asset ecosystem.”

🧭 TL;DR

🇨🇦 Canada approved the world’s first spot XRP ETF — ticker XRPP 💵 Investors can gain regulated, direct exposure to XRP in CAD or USD 💼 Usable in TFSAs, RRSPs, and other registered accounts 🧠 U.S. still stalled due to Ripple vs. SEC 📈 This launch puts pressure on regulators worldwide — and may trigger ETF dominoes

XRP just went institutional — and Canada led the charge.