Canada’s XRP ETF Soars 38% Amid Institutional Interest

Canada has seen a remarkable surge in the performance of its first spot XRP exchange-traded fund (ETF), with an impressive 38% growth since its launch in June 2025. This success is attributed to Evolve Funds and Purpose Investments, key players in launching this groundbreaking investment product. The ETF’s rapid rise coincides with increasing institutional interest in XRP due to the asset’s enhanced regulatory clarity. This development signifies a potential shift in market dynamics for regulated digital assets within Canada, prompting further industry assessment.