In a groundbreaking move for the cryptocurrency investment landscape, Evolve Funds Group has officially launched an XRP ETF on the Toronto Stock Exchange (TSX). This marks a significant milestone as Canada becomes one of the first countries to offer regulated exposure to XRP, the digital asset associated with Ripple, through a traditional financial product.
The Evolve XRP ETF, trading under the tickers XRP (CAD) and XRP.U (USD), began trading on June 18, 2025, providing both retail and institutional investors with direct access to XRP without the need to manage digital wallets or navigate crypto exchanges. This development is seen as a major step toward integrating cryptocurrencies into mainstream finance.
According to recent announcements, Evolve Funds is joined by other asset managers like 3iQ Corp and Purpose Investments in debuting XRP ETFs on the same day, amplifying the impact of this launch. This simultaneous rollout underscores Canada's progressive stance on regulated crypto investments, potentially paving the way for increased market momentum.
The introduction of these ETFs is expected to trigger a wave of capital into the XRP market, as investors now have a convenient and secure way to gain exposure through brokerage accounts. Additionally, the ETFs are eligible for inclusion in TFSA and RRSP accounts, making them accessible for tax-advantaged investing in Canada.
Industry experts believe this could reshape the digital asset investment landscape, with social sentiment reflecting bullish optimism about regulatory clarity and growing institutional demand. The launch aligns with Canada’s reputation as a leader in crypto-friendly financial products, following the success of Bitcoin and Ethereum ETFs in recent years.
As the crypto market continues to evolve, the Evolve XRP ETF represents a pivotal moment for XRP holders and prospective investors, offering a regulated bridge between traditional finance and the burgeoning world of digital currencies. Market watchers will be keenly observing the performance of these ETFs in the coming weeks.
Andrew Lee
