Ripple (XRP) ETFs Kick Off Strong

The launch of the first XRP spot ETFs in North America looks promising based on early data.

The launch of the first XRP-spot ETFs in North America appears to be progressing with strong momentum according to initial data. On June 17, Canadian regulators gave the green light for trading these funds on the Toronto Stock Exchange. A day later, on June 18, Purpose Investments' XRP-spot ETFs (ticker symbol: XRPP) and 3iQ's (XRPQ) closed the trading day with a combined volume of roughly 855,000 shares traded.

That is significantly higher than the trading volume for similar XRP-ETPs in Europe, which typically trade only a few thousand shares per day. Compared with Bitcoin or Ethereum ETFs, the figure is still modest. Still, analysts say it will only become clear in the coming days and weeks whether these volumes hold up and if there is sustained demand for the new products.

For XRP investors, there is at least reason for optimism. The listing of these funds could boost institutional interest in XRP and may serve as a prelude to the big fireworks: approval of XRP spot ETFs in the United States.

That approval recently ran into a small delay. The U.S. Securities and Exchange Commission postponed its decision on Franklin Templeton's XRP ETF proposal by 35 days, meaning a ruling is now expected in July.

Yet the sector remains hopeful. According to prediction platform Polymarket, the chance XRP-ETFs get approved in the US this year is priced at 90%. A decision before July 31, by contrast, only has a 16% chance.

The weeks ahead could be crucial for XRP, not just for price, but especially for institutional confidence.