Summary
- It was reported that the XRP spot ETF was listed in Canada but failed to generate a significant market response.
- On its first trading day, the ETF saw low volume and fell 1.63%, closing near its lows.
- Canadian investors can hold the ETF through tax-advantaged accounts, but the listing had a limited effect.
A report stated that although the XRP spot Exchange-Traded Fund (ETF) has been listed in Canada, it failed to elicit a significant market response.
On the 21st (local time), financial media outlet Finbold reported, "The XRP spot ETF (XRPP.U) of Canadian asset manager Purpose Investments was listed on the Toronto Stock Exchange (TSX) on the 18th, but its start was not smooth."
The Purpose XRP ETF is the world’s second XRP spot ETF to launch, following Hashdex in Brazil. Canadian investors can hold the ETF through tax-advantaged accounts such as TFSA and RRSP.
The media added, "On its first trading day, Canada’s XRP spot ETF closed near its lows after a 1.63% drop on sparse trading volume. The listing effect was limited."
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
