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XRP ETF Debuts on TSX: Canada Leads with First Spot Offering
- Canada leads with the first spot XRP exchange-traded fund (ETF) listed on the Toronto Stock Exchange by 3iQ Corp.
- XRPQ, backed by Ripple, offers 0% management fee for the first six months and provides direct exposure to XRP secured in cold storage.
- Legal delays in Ripple's U.S. case may offer buying opportunities as XRP stands at $2.13.
- XRPQ's launch marks a milestone in the crypto industry with XRP becoming the fourth-largest cryptocurrency to have an ETF.
- Ripple Labs is involved in institutional adoption and an early investor in this XRP ETF.
- Despite the ETF news, XRP maintains a trading price around $2.13 with no significant bullish reaction observed yet.
- The legal pause in the Ripple-SEC case could present opportunities for institutions to enter the market.
- Once capital flows into the XRP ETF and legal clarity is achieved, XRP is poised for significant price upside.
- 3iQ's XRP ETF comes after the success of the Solana Staking ETF and aims to provide safe entry to blockchain networks for Canadian investors.
- Canada's leadership in digital asset ETFs sets a precedent for other countries amidst U.S. regulatory challenges.
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