The Ripple Effect: Two XRP ETFs Set to Shake the TSX and Your Portfolio!

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Hold on to your wallets, folks. The Toronto Stock Exchange is about to get a crypto makeover as XRP ETFs break through the gates of traditional finance with all the grace of a bull on roller skates. Who knew ETFs could make your portfolio as exciting as a Friday night with the boys? Buckle up!

XRP ETFs Are Coming to TSX—Two Issuers, One Date, And A Market That Won’t Know What Hit It

On June 16, Evolve Funds Group Inc., with a wallet of $7 billion, threw their hat into the ETF ring with their XRP ETF. Don’t worry, the ticker will make sure you don’t forget its name—XRP (CAD Unhedged) and XRP.U (USD). Starting June 18, they’ll be making waves, pending that final TSX approval—talk about a cliffhanger, right?

Now, don’t get too comfy. This is what the asset management firm had to say about the fund:

The XRP ETF is on a mission to hold, well, a whole lot of XRP. Think of it as a modern treasure chest, minus the pirates, with one goal: making it ridiculously easy for investors to hold onto their digital gold without all the hassle. “Convenient, secure”—they said it, not us.

Elliot Johnson, Chief Investment Officer (and possibly the world’s first crypto superhero) said, “XRP is the real deal—think low-cost, lightning-fast payments and decentralized exchanges. So yeah, it’s useful. Big surprise.”

The net asset value? Oh, you’ll love this. It’s pegged to the CME CF XRP-Dollar Reference Rate, updated daily, just in case you’re wondering. No derivatives, no hedging, and no drama—just pure XRP goodness.

Let’s talk Canada, baby. Unlike our friends south of the border, where the SEC is still playing hard to get with crypto ETFs, Canada’s giving us a nice, open door to the digital asset world. You’re free to invest without feeling like you’re doing something illegal. Gasp! Shock and awe!

But wait, there’s more. Evolve’s ETF isn’t playing the long con. They’re buying XRP from Coinbase and other reputable platforms—just straight-up, no gimmicks, and all for you, the investor, who’s too busy to fiddle with wallets and keys.

And just in case you thought Evolve had all the fun, Purpose Investments Inc. threw their own ETF into the ring. They’ll be launching theirs with the ticker symbol XRPP, because why not make your ticker sound like the noise a confused hamster makes? And guess when? June 18, 2025—mark those calendars, people!

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2025-06-18 06:00