- Canada’s spot XRP ETF jumped 38% since launch in June 2025.
- Evolve Funds and Purpose Investments are key issuers.
- Institutional interest grows amid XRP’s regulatory clarity.
Canada saw its first spot XRP ETF launched by Purpose Investments and Evolve Funds Group in June 2025, with substantial growth of nearly 38% since trading began in Toronto.
The strong performance signals rising interest in XRP among institutional investors, potentially reshaping market dynamics for regulated digital assets and prompting further industry assessments.
ETF Performance and Market Impact
The Evolve XRP ETF (XRP.U) experienced a significant 37.6% increase from its listing price, closing at $13.53 in late August. This surge demonstrates increased institutional capital flow into XRP as a mainstream asset in Canada.
In the broader market, XRP outperformed competitors like BTC and ETH shortly after the ETF approval, emphasizing investor preference for this newly regulated product. The market landscape saw renewed interest concentrated on XRP’s potential role in financial systems.
Regulatory Clarity and Institutional Adoption
The ETF’s substantial gains follow a clarifying legal decision determining that XRP is not a security in Canada. This is pivotal for the asset’s future in institutional expansions and market integration within the country’s financial framework.
XRP’s role in financial transactions is underscored by Ripple’s ODL, which processes trillions in global settlements. This aligns with industry trends showing that regulatory clarity can catalyze institutional adoption and cross-border payment innovations.
“Regulatory clarity is the cornerstone of real institutional adoption.” — Brad Garlinghouse, CEO, Ripple
