Will the US Approve a Spot XRP ETF After Canada’s June 18 Launch?

Canada has become the first country in North America to launch a spot XRP ETF, raising hopes that the US may soon follow as key factors begin to align.

Will The Us Approve A Spot Xrp Etf After Canada’s June 18 Launch

Canada’s launch of the first-ever spot XRP ETF in North America may serve as a major catalyst for the US Securities and Exchange Commission (SEC) to consider approving a similar product. Here are the key reasons why this scenario is becoming increasingly likely.

Canada Takes the Lead with North America’s First Spot XRP ETF

Purpose Xrp Etf
Purpose Xrp Etf

Asset management firm Purpose Investments — overseeing more than $24 billion in assets under management — is set to list the first spot XRP ETF on the Toronto Stock Exchange (TSX) on June 18. The ETF will be traded under three ticker symbols: XRPP (CAD-hedged), CRPP.B (CAD non-hedged), and XRPP.U (USD-denominated).

This product allows Canadian investors to hold XRP within registered accounts such as Tax-Free Savings Accounts (TFSAs) and Registered Retirement Savings Plans (RRSPs).

With this move, Canada is asserting itself as a leader in regulated crypto investment products, challenging the US and former President Donald Trump’s ambitions to make “crypto made in America.” While delays in the SEC’s regulatory process are causing the US to lag behind, experts believe it won’t be long before it catches up.

Could the US Be Next to Approve a Spot XRP ETF?

85% Chance That The Sec Will Approve A Ripple Etf
85% Chance That The Sec Will Approve A Ripple Etf

Several major US ETF issuers, including Franklin Templeton and Bitwise, are currently awaiting SEC decisions on their spot XRP ETF applications. Despite recent delays, analysts remain optimistic about potential approval by 2025.

According to Bloomberg analysts, there’s an 85% chance that the SEC will approve a Ripple ETF in Q4 of this year. Polymarket — a decentralized prediction platform — shows even higher odds, with an 88% chance of approval. At one point, this number reached 98%, though it has since dipped slightly due to rising interest in a potential spot Solana ETF.

The approval of Purpose Investments’ XRP ETF in Canada could put additional pressure on the SEC to follow suit. Furthermore, several leveraged ETF products based on XRP are already trading, adding to the momentum.

The biggest remaining hurdle is the ongoing Ripple vs. SEC lawsuit, but that case appears to be nearing its conclusion. This adds further confidence to the outlook, though the exact timeline for a final SEC decision remains uncertain.

Love

0.0/5

Love

Latest

Binance.us Accused Of Political Favoritism After Listing Trump Family’s Usd1 Token

News | Editor Choice | Policy & Regulations

Binance.US Accused of Political Favoritism After Listing Trump Family’s USD1 Token

Binance.US is facing a wave of fierce criticism after listing the Trump family’s USD1 stablecoin, just a week after Donald Trump’s controversial pardon of Changpeng Zhao — a move many see as a “political favor” between the White House and the crypto world.

Spacex Moves $31 Million In Bitcoin, What Is Elon Musk Planning

News | Bitcoin | Editor Choice

SpaceX Moves $31 Million in Bitcoin, What Is Elon Musk Planning?

SpaceX’s sudden $31 million Bitcoin transfer within just one week has sent shockwaves through the market, sparking speculation that Elon Musk may be preparing for a mysterious strategic move.

21shares Files For Hype Etf, While Bitwise’s Solana Etf Records

News | Altcoin | Editor Choice

21Shares Files for HYPE ETF, While Bitwise’s Solana ETF Records

The crypto ETF market is heating up as 21Shares and Bitwise roll out new products, signaling Wall Street’s growing interest in altcoins.

Bitcoin Eyes A Hopeful November Amid Fed Division On December Rate Cut

News | Bitcoin | Editor Choice

Bitcoin Eyes a Hopeful November Amid Fed Division on December Rate Cut

Following the Federal Reserve’s widely expected rate cut, the crypto market has yet to show signs of recovery as internal divisions over a potential December easing weigh on sentiment, making Bitcoin’s short-term outlook more cautious than ever.

Ethereum’s Key Changes After The Fusaka Upgrade

News | Altcoin | Editor Choice

Ethereum’s Key Changes After the Fusaka Upgrade

The Fusaka upgrade marks a pivotal step in Ethereum’s journey toward large-scale scalability, promising faster transaction speeds, enhanced security, and laying the foundation for the next explosive phase of the world’s leading blockchain.

Screenshot 2025 10 20 091338