This Is Why Canada Welcomes Ripple ETFs While US Sits, Waits, And Wonders 🧊🚦

Brother, do you hear that creaking? It is not the sound of the Siberian wind against the barracks, but the door of the Toronto Stock Exchange opening, not with a groan of repression but with all the excitement one might muster for a “cutting-edge” Canadian financial instrument.

While American regulators brood over their paperwork like crows jealously guarding shiny objects, Canada has thrown open its winter-parka-clad arms and approved not one, but two spot XRP ETFs. And not a single SEC agent was sighted trying to gnaw through the ice to stop them (as far as anyone can confirm). A rare day for innovation north of the 49th parallel—someone alert the moose.

In the “Camp” of 3iQ — XRPQ Emerges

3iQ Corp’s press scribes have declared (one assumes on recycled newsprint) that XRPQ, their latest contrivance, will trade on the grand stage of the TSX as of June 18. Apparently, the management fee for the first six months is zero—perhaps inspired by the climate, where zero is a favorite number for temperature as well.

To safeguard investor assets, XRP purchased from “reputable” sources will be tucked away in “standalone cold storage,” which I can only assume is next to the smoked fish in the icy Canadian wilds. Security never looked so… tundra-esque.

Pascal St-Jean, President and CEO of 3iQ, gave a pronouncement of historic ambition: their mission is to offer investors “convenient, cost-effective access” to digital assets. In the old country, ‘convenience’ was bread lines; in Toronto, apparently, it’s buying digital coins from a frozen vault.

This, said the executive, brings forth “a transparent, low-cost, and tax-efficient way” for the hearty investor to grasp at the future—one not frozen in indecision like the Americans, but crackling with possibility (and possibly frostbite).

A Purpose-Driven Life – By Purpose Investments, XRPP

Meanwhile, Purpose Investments (the name is inspirational, if vague) has tossed its chilly hat into the ETF rink with the Purpose XRP ETF, ticker symbol XRPP. One imagines the office celebration involved polite applause and possibly the distribution of maple-flavored crypto tokens.

Their Vice President of Digital Assets, Paul Pincente, lauded the ETF as a “streamlined, advisory-ready solution”—finally, a chance for Canadians to experience the real-world utility of Ripple, but without having to explain “blockchain” to their skeptical grandmothers.

Chief Innovation Officer Vlad Tasevski was heard extolling that Canadian investors are clamoring for simplicity and safety. (But not, one assumes, excitement. That is reserved for hockey.) He praised XRP’s design for “fast, low-cost global payments”—though he stopped just short of offering free Tim Hortons with every purchase.

While Canadian ETFs begin their cheerful shuffle onto the stage, the SEC remains locked in ponderous silence south of the border. Only yesterday, America’s regulatory machine delayed, like a train stuck in an endless Moscow winter, yet again on Franklin Templeton’s XRP ETF dreams. Public comment was invited. Whether any were received, besides “could you please hurry up,” remains unrecorded.

Thus, under the subtle Northern Lights (and the not-so-subtle eye roll of anyone waiting for the SEC), Canada forges ahead—one ETF, two ETFs, a hat trick for financial progress. Meanwhile, the Americans? They may need more than public comments to thaw out their regulatory machinery. 🇨🇦❄️🚂

2025-06-18 16:17

In the “Camp” of 3iQ — XRPQ Emerges

A Purpose-Driven Life – By Purpose Investments, XRPP

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