3iQ Corp. and Evolve Funds Group have introduced XRP exchange-traded funds (ETFs) on the Toronto Stock Exchange, offering Canadian investors regulated exposure to XRP without requiring direct cryptocurrency management. This marks a significant expansion of accessible investment vehicles for digital assets within traditional financial markets.
Canada’s progressive regulatory framework for cryptocurrency ETFs, which previously cleared Bitcoin and Ethereum products, enabled this institutional-grade XRP offering. Elliot Johnson, Chief Investment Officer at Evolve Funds Group, highlighted XRP’s practical applications in enabling fast, low-cost cross-border transactions and decentralized exchange functionality.
The ETFs are anticipated to attract institutional capital by providing compliant investment access, potentially enhancing XRP’s market liquidity. This development reinforces Canada’s leadership in cryptocurrency ETF innovation and may influence regulatory approaches toward similar financial products globally.