Published by CentBit.Online – Crypto & Blockchain Expert, Bangladesh
In a landmark move for the crypto industry, Canada has approved the world’s first spot XRP Exchange-Traded Fund (ETF), offering institutional and retail investors direct exposure to Ripple’s native token through regulated financial markets. The ETF is set to begin trading this week on the Toronto Stock Exchange (TSX), under the ticker symbol “XRPT”.
A Global First for XRP
This marks the first time any major country has approved a spot-based ETF for XRP, which tracks the asset’s real-time market price and is physically backed by XRP tokens held in cold storage.
The ETF is managed by 3iQ Digital Asset Management, a Canadian firm known for pioneering Bitcoin and Ethereum ETFs in the region. The approval was granted by the Ontario Securities Commission (OSC), making Canada once again a global leader in crypto financial innovation.
“We are proud to launch the world’s first spot XRP ETF. This is a huge step forward for altcoin adoption in mainstream finance,” said [Insert Name], CEO of 3iQ.
Why XRP?
XRP, the digital token used by RippleNet for cross-border settlements, has remained one of the most controversial yet widely-used cryptocurrencies. Its ability to settle transactions in seconds at minimal cost has attracted attention from banks, fintechs, and governments exploring blockchain-based remittance systems.
Despite past regulatory hurdles—most notably the SEC lawsuit in the U.S.—XRP remains a top 10 crypto asset by market cap, with a strong global community and utility-driven value proposition.
Market Reaction: XRP Rallies
Following the announcement, XRP surged nearly 11%, briefly crossing the $0.90 mark for the first time in months. Trading volumes across global exchanges also spiked, signaling renewed investor interest.
“The approval of an XRP ETF is more than just a win for Ripple—it’s a signal that global regulators are warming up to utility tokens,” said [Insert Analyst Name], senior researcher at CentBit.Online.
The launch could also influence regulatory bodies in the U.S., UK, and Asia to revisit their stance on XRP and other altcoins like Solana and Cardano.
Implications for Bangladesh and Emerging Markets
For countries like Bangladesh, where remittance is a key economic pillar, the growing institutionalization of blockchain-based tokens like XRP could lead to cheaper, faster cross-border payment systems in the future.
“If XRP becomes more regulated and accepted, we may eventually see integration into remittance platforms servicing Bangladesh,” said [Insert Your Name], founder of CentBit.Online.
While crypto remains restricted in the country, a global move toward ETF-based adoption may encourage local policymakers to reconsider their stance.
Conclusion
Canada’s approval of the first-ever spot XRP ETF is a historic development that opens the door for altcoins to gain legitimacy in traditional finance. As the crypto ETF race continues to evolve, XRP has now joined the ranks of Bitcoin and Ethereum in crossing over into institutional-grade products.
Stay informed on global crypto breakthroughs and how they impact Bangladesh at CentBit.Online – the nation’s trusted source for blockchain and digital asset news.
