The XRP community on Reddit buzzes with excitement after a post from Peituly-Attimate-949 marked How fast the Canadian place XRP ETFs is growing. While many in the crypto space are still aimed at Bitcoin and Ethereum ETFs, XRP quietly scored a big victory north of the border. In just two months since the launch, the three spot ETFs from Canada have already collected nearly 100 million XRP, which shows a level of question that even surprised old supporters.
Canadian XRP ETFs contain 96 million tokens
The post by Reddit user Pitimuly-Attimate-949 pointed out that the three funds combined funds have 96,105,909 XRP, with assets of a total of CAD $ 285.3 million.
Here is the breakdown:
- Evolve XRP ETF (XRP, XRP.U): CAD $ 49.8m → 16.7m XRP
- Purpose XRP ETF (XRPP, XRPP.B, XRPP.U): CAD $ 112.1m → 37.7m XRP
- 3IQ XRP ETF (XRPQ, XRPQ.U): CAD $ 123.4M → 41.5 m XRP
Unlike futures-based products, these are spot ETFs, which means that they contain real XRP tokens. That detail attracted both experienced investors and newcomers, some of whom admitted that they were initially confused about whether these funds were supported by the actual XRP.
What an American place can mean XRP ETF approval
The figures have fueled about what an American place could mean XRP ETF for the market. If the Canadian demand has absorbed almost 100 million XRP in weeks alone, many believe that the impact in the US would be enormous. Some members of the community compared it to Bitcoin ETFs, who have already raised billions of dollars, with the argument that XRP could see a similar wave as soon as American institutions have access.
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A Reddit -user The scenario summarized: “If this is what Canada can do, imagine Wall Street. XRP ETFs in the US would change the entire game.”
The discussion soon turned into a mix of excitement and speculation. Some users celebrated the milestone as a sign of legitimacy for XRP, while others pointed out that no other Canadian Crypto ETF has matched this pace of the intake. Various admitted that she is now considering buying ETF shares directly, or as a safer way to win exposure or awaiting a wider institutional push.
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FAQs
The three place XRP ETFs from Canada contain 96.1 m XRP worth CAD $ 285 million.
Spot ETFs contain the actual underlying asset, in this case real XRP tokens. Futures -based ETFs, on the other hand, have contracts that bet on the future price of the active.
Based on the Canadian experience, many believe in the XRP community that an American place would lead XRP ETF to a huge influx of capital, similar to the impact that is seen with Bitcoin ETFs.