The framework sets a tiered structure for custodians, determining the proportion of client assets they can hold.
CIRO’s new digital asset custody framework takes effect immediately, raising standards for crypto trading platforms as regulators push to reduce investor risk.
Reports note that Bitcoin holders realized large losses as prices slid, and the headline number is hard to ignore. According to on-chain tracker CryptoQuant, about $4.5 billion in net losses was recorded on January 23. Related Reading: Bitcoin Influencers Get Spotlight In X’s New ‘Starterpacks’ That number reflects moved coins sold at prices lower than when they were bought. It is a big transfer of paper pain into real losses. Realized Losses Spike While the dollar figure grabs attention, the meaning is what matters. Many who bought late in the run higher are choosing to sell rather than hold through more decline. That behavior shows frustration. Reports say the Net Realized Profit and Loss metric tallies this by comparing sell prices to purchase prices, and a negative reading this large signals a wave of capitulation. Some larger, long-term holders have been quieter. Their activity appears muted while smaller and mid-term participants make the day-to-day moves. According to analyst posts on CryptoQuant, this mix — quiet big holders and active smaller sellers — is common during corrective stretches. It does not automatically mean the market is broken; it means sentiment has shifted toward caution. $4.5 Billion in Realized Loss on Bitcoin “Highest amount of realized losses in three years. The last time this occurred in Bitcoin, the price was trading at $28,000 after a brief correction period that lasted about a year.” – By @gaah_im pic.twitter.com/OJ7bbL3RSC — CryptoQuant.com (@cryptoquant_com) January 26, 2026 Bitcoin Price Action Midway through the week, Bitcoin traded around the mid-$80,000s, well below the $90,000 mark that some investors had eyed as a key level. Market chatter shows traders watching macro cues like the US Federal Reserve and inflation data for guidance. Volatility has not disappeared; it has simply become more tied to broader economic signals than to isolated crypto headlines. Whale addresses appeared to step in at times, helping to hold local price floors. But many traders remain cautious. Reports note that geopolitical headlines can cause quick swings, yet the current movement looks more like slow digestion of profit and repositioning than explosive panic selling. Activity on spot exchanges and ETF flows has been variable, reflecting the mixed mood across the market. Related Reading: XRP Showing Strength, Analyst Points To $4 Potential Capitulation Has Come Before Similar loss spikes were seen in March 2023, when realized losses reached close to $6 billion, and in November 2022, when losses hit roughly $4.3 billion. These events were followed by consolidation and then eventual recovery. Based on reports from analytics firms and market observers, spikes in realized losses can mark the late stages of selling pressure, after which the market sometimes finds a base. Featured image from Pexel, chart from TradingView
Whale-sized Bitcoin holders are piling up more coins even as prices wobble. According to blockchain tracker Santiment, wallets holding at least 1,000 BTC added 104,340 BTC in recent weeks. Related Reading: Gold Becomes The Whale Safe Haven As Bitcoin Takes A Back Seat Reports note that total supply held by these large wallets hit 7.17 million BTC, the highest level since September 15, 2025. Mid-sized holders joined in too, adding roughly $3.21 billion worth of Bitcoin between January 10 and January 19. Small retail wallets moved the other way, offloading about 132 BTC, worth around $11.66 million. Whales Push Their Stakes Higher The numbers point to patient buying by big players. Large transfers of $1 million or more have climbed to a two-month high, which suggests heavy participants are active on the network again. According to Santiment, this kind of flow is often tied to institutions and wealthy investors moving coins between custody, exchanges, and private wallets. Some of those moves are driven by strategic choices; some are meant to secure holdings. Either way, a growing pile in whale hands changes where supply sits. Smaller holders are stepping back, while the so-called smart money increases exposure. Reports say mid-sized wallets — those holding between 10 and 10,000 BTC — were net buyers in the same stretch. ???? Large Bitcoin whales are accumulating at an encouraging pace, wallets with at least 1K $BTC have collectively accumulated 104,340 more coins (a +1.5% rise). Additionally, the amount of $1M+ daily transfers is back up to 2-month high levels. ???? Chart: https://t.co/CJOfiOBbWU pic.twitter.com/4loxDFtUdb — Santiment (@santimentfeed) January 25, 2026 Price Action And Market Signals Bitcoin’s price has not matched the upbeat on-chain action. Trading was around $87,730 at one point, with intraday swings between $86,500 and $87,500. The alpha crypto asset was down about 0.5% over 24 hours and roughly 5.4% over the prior week. Volumes have ticked up, though, which makes the case that some investors are stepping in at these levels. The picture is mixed: on-chain accumulation suggests a base is being formed, but macro headlines keep the market on edge. On-Chain Strength Versus Headlines A growing stash by big holders can support a future rally if external stress eases. Yet prices move on more than Bitcoin flows. Large transfers and rising accumulation mean demand exists under the surface, but that demand has yet to fully push the market higher. Macro Risks And Market Jitters Geopolitical worries are casting a long shadow. Reports say US President Donald Trump has moved warships toward areas of tension, and prediction markets show a significant chance that the US could strike Iran by June. Trade friction with Canada over recent auto rules has raised fresh political noise, and Polymarket shows the probability of a US government shutdown above 70%. These are real risks that can lift oil, rattle markets, and sap appetite for risk assets. Related Reading: Money Keeps Leaving: Bitcoin ETFs Shed $1.72 Billion In Just 5 Sessions Featured image from Unsplash, chart from TradingView
The deal is expected to close in Q2 2026 and could give Coincheck ownership of 3iQ’s regulated crypto ETFs and fund platforms.
The company said it plans to use the proceeds to buy tokens and stake them across networks including Solana, Sui and Sei.
With a court order, Canada's tax service obtained data on 2,500 Dapper Labs users, though the CRA originally asked for data on 18,000 people.
Why systematic crypto yield is emerging as the path to cash-flow-based returns, making it the most durable bridge to mainstream portfolios.
Scotiabank said Ottawa’s move toward a stablecoin framework is more about modernizing payments than reshaping broader financial markets.
The Canadian government narrowly won favor in Parliament for its budget push that includes a new policy governing stablecoins.
In the wake of the U.S. GENIUS Act, Canadian lawmakers are moving on Canadian-dollar-backed stablecoin legislation, which is being cheered by crypto interests.
It plans to require issuers to hold adequate reserves, establish redemption policies and implement risk management frameworks.
Canada aims to outline stablecoin rules in its Nov. 4 budget, as experts say U.S. GENIUS Act momentum risks pulling capital south.
Fintrac said the firm was fined for unreported activity including transactions tied to child sexual abuse material, fraud, ransomware payments and sanctions evasion.
The ban is part of an effort to manage electricity demand and ensure industrial development is powered by clean electricity.
BlackRock has confirmed that its Canadian arm has granted securities lending for the iShares Bitcoin ETF from Aug. 25 after providing investors with the required 60-day notice. The move follows disclosure in the June 26 prospectus, which outlined how the fund may engage in lending transactions in accordance with Canadian securities laws. The decision aligns […]
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The exchange is appealing an enforcement action from the Financial Transactions and Reports Analysis Centre of Canada.
According to the authorities' Eastern Region division, the seizure followed a year-long probe by the Money Laundering Investigative Team (MLIT).
Canada’s newest altcoin exchange-traded funds have raced to category leadership, with the Solana-focused SOLQ crossing C$300 million in assets under management (AUM) and the XRP-focused XRPQ topping C$150 million, according to a Tuesday announcement. The issuer said both funds now hold the largest AUM in their respective categories among Canadian peers, underscoring a sharp acceleration in institutional and retail demand for regulated exposure to Solana and XRP. Investor Demand Surges For 3iQ’s SOL And XRP ETFs SOLQ, a Toronto Stock Exchange–listed Solana staking ETF that debuted in April, benefited from marquee early allocations. The firm disclosed a lead investment from SkyBridge Capital and additional commitments from ARK Invest, which bought SOLQ through its ARKW and ARKF ETFs—moves it touted as the first US-listed ETFs to gain exposure to Solana and its staking rewards via a Canadian vehicle. Management fees on SOLQ remain waived until April 2026, the issuer added. Related Reading: XRP Liquidity Flashpoint: Analyst Eyes Rapid Move To $4.50 XRPQ launched in June and, with a 0% management fee for its first six months, has quickly scaled to more than C$150 million AUM; the Toronto Stock Exchange’s new-issuer log shows the product coming to market on June 18, 2025. The issuer said Ripple participated as an early investor. “The momentum behind SOLQ and XRPQ demonstrates that Canadian investors and global leaders in the digital asset space are embracing secure, transparent, and regulated access to digital assets,” said Pascal St-Jean, the issuer’s president and CEO. “As the market leaders, these ETFs exemplify [our] commitment to meeting investor demand while setting a benchmark for innovation in the global market.” Related Reading: XRP Set to Lead Altcoin Boom With Explosive $9.69 Target, Says Analyst The rise of these funds comes amid a broader wave of Canadian altcoin ETF launches this year. Multiple issuers have introduced spot Solana products—some with staking features and introductory fee waivers—while the domestic XRP lineup has also expanded, creating a competitive field against which SOLQ and XRPQ now claim the AUM crown. Institutional signaling has been a secondary driver. ARK’s purchase framed SOLQ as a vehicle for capturing both SOL price performance and on-chain staking economics in a regulated wrapper. “Solana represents a high-performance blockchain infrastructure with significant potential for decentralized applications and finance,” ARK’s Cathie Wood said when confirming the investment earlier this year. Contextually, Canada remains a first mover on listed crypto exposures beyond bitcoin and ether. In the United States, investors only recently gained a Solana ETF with staking economics via the REX-Osprey SSK product, while several US spot XRP ETF filings await regulatory decisions later in 2025—developments that help explain the cross-border interest in Canadian listings in the interim. A SSK-style Dogecoin ETF by REX-Osprey is set to launch this Thursday. At press time, XRP traded at $2.955. Featured image created with DALL.E, chart from TradingView.com
The firm is targeting an early 2026 launch, backed by investors such as Shopify, Wealthsimple and National Bank.
Despite a global investment slowdown, Canadian investors pumped $1.62 billion into fintech companies in the first half of the year — a trend KPMG expects to continue.
The study outlines a viable system design for a Canadian digital dollar with high privacy and speed.
Canada’s Toronto Stock Exchange today saw a new entrant aimed at making XRP more accessible to investors. The 3iQ Corp. rolled out its spot-based XRP ETF, trading under the ticker XRPQ, with an introductory 0% management fee for the first six months. Related Reading: Tether Enforces Freeze On $12 Million In Tron Funds Over Illicit Activity Based on reports, this move offers both retail and institutional clients a hands‑off way to own XRP without worrying about private wallets or unregulated platforms. Building Trust Through Custody According to the announcement, XRPQ will hold its XRP coins in cold storage, kept separate for each investor to cut down the chance of a hack. The fund plans to buy XRP from regulated sources like over‑the‑counter desks. That setup mirrors what other digital‑asset funds do for Bitcoin and Ether. We are excited to announce the launch of the 3iQ XRP ETF (TSX: XRPQ, XRPQ.U) — one of the first ETFs in North America to provide exposure to #XRP. XRPQ debuts with a 0% management fee for the first six months, and @Ripple as an early investor in the fund. “The launch of XRPQ… pic.twitter.com/me19RLAzJI — 3iQ Digital Asset Management (@3iq_corp) June 18, 2025 Backing From Ripple San Francisco’s Ripple has taken a stake in the new fund, according to reports. The company didn’t share how much it invested, but its support sends a strong message. It shows Ripple believes in XRPQ’s structure and security, even after years of uncertainty about XRP in the US courts. Growth Of XRP Over A Decade Data from 2015 to now shows that XRP’s price jumped to around 10,700%, climbing from $0.02 back then to $2.16 today. That surge underscores why 3iQ’s CEO and President, Pascal St‑Jean, called this ETF “an easy way for Canadians and qualified investors overseas to tap into XRP’s growth.” He rang the TSX’s closing bell to mark the launch. Purpose Joins The Fray Reports also disclose that Purpose Investments launched its own XRP ETF, XRPP, on the same day. That makes two spot XRP ETFs now available on the same exchange. Both products aim to give investors a regulated path to XRP, but only time will tell which approach wins more fans. Related Reading: Iran’s Top Crypto Hub Loses $82 Million To Hackers With Israeli Links—Details Looking Ahead To US Approval According to industry watchers, over 10 applications for a spot XRP ETF are currently waiting on the US Securities and Exchange Commission. Traders and managers predict a green light could come by October 2025. Until then, US investors will be watching from the sidelines, while Canada continues to lead in crypto‑ETF innovation. With XRPQ’s debut, 3iQ highlights its mission of opening up digital assets in a regulated way. It’s a clear sign that more traditional markets are warming up to crypto. And with Ripple’s backing and a zero‑fee for half a year, this new ETF could draw attention from anyone who wants XRP exposure without the usual hurdles. Featured image from Pixabay, chart from TradingView
Canadian asset manager 3iQ has launched an XRP-focused exchange-traded fund (ETF) on the Toronto Stock Exchange (TSX) under the XRPQ ticker. According to a June 18 statement, XRPQ will offer investors a six-month waiver on management fees and hold only long-term positions on the digital asset. These assets are sourced from reputable exchanges and over-the-counter […]
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The new XRP fund will trade under the XRPQ ticker.
AgriFORCE brings stranded natural gas online for crypto mining and compute with its new Alberta site.
The Purpose XRP ETF, issued by the asset manager of the world's first spot bitcoin ETF, is set to start trading on June 18 on the Toronto Stock Exchange.
Lucas Matheson said Canada risks falling behind as other nations actively shape crypto policies.
Robinhood generated $141 billion in crypto trading volumes in 2024, while WonderFi generated trading volume of around $2.5 billion.
The U.S election shined a spotlight on crypto, with promises to clarify regulations — will we see similar developments in other countries and jurisdictions?