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?
Canada's 45th election turned out to be a close one as polls narrowed in the days leading up to the end of the campaign.
Political betting platforms show Mark Carney leading with a 78% chance of becoming Canada's next Prime Minister, while Pierre Poilievre has a 22% chance.
Canada's leading Prime Minister candidates aren't campaigning on crypto policies, but both have discussed the issue in the past.
Canada’s financial regulators have given the green light to multiple spot Solana (SOL) exchange-traded funds, marking another cryptocurrency milestone for the country. According to Bloomberg ETF analyst Eric Balchunas, these new investment products will hit Canadian markets on April 16, 2025. Related Reading: Crypto Holders Beware! New Malware Drains ETH, SOL, XRP Wallets The Ontario Securities Commission (OSC) allowed multiple financial institutions to roll out these ETFs yesterday, opening the way for direct investment in the Solana cryptocurrency using conventional brokerage accounts. SOL Enters Major Financials Four large investment companies have received approval to distribute these new crypto products. 31Q, Purpose Investments, CI Global Asset Management, and Evolve will all be releasing spot Solana ETFs later this week, providing Canadian investors with a variety of choices to invest in SOL. These firms are long-time participants in Canada’s investment space, and their inclusion marks increasing institutional acceptance of cryptocurrencies outside of Bitcoin and Ethereum. Canada is readying spot Solana ETFs to launch this week after regulator gave green light to multiple issuers incl Purpose, Evolve, CI and 3iQ. ETFs will include staking via TD pic.twitter.com/FSw149Xkm4 — Eric Balchunas (@EricBalchunas) April 14, 2025 Staking Features Could Boost Returns For Investors One of the main features distinguishing these Solana ETFs is their capacity for staking the underlying SOL positions. The OSC has allowed the issuers of ETFs to stake some portion of their Solana, and this could unlock extra returns for investors in excess of price appreciation alone. TD Bank reported that returns from staking SOL can be higher than those from Ethereum staking, and thus these products could be more appealing to yield-starved investors. The bank also referred to them as “the world’s first spot Solana ETFs,” emphasizing the innovative character of these financial products. US Solana ETF Market Experiences Mixed Results The US market so far has only futures-based Solana ETFs, with limited success. Balchunas noted that two SOL futures ETFs in the United States, Volatility Shares 2x SOL ETF and Volatility Shares SOL ETF, have failed to gain investor attention since their launch in March 2025. Both of these products have only accumulated a combined assets under management of nearly $14 million. For comparison, the Teucrium 2x XRP ETF performed better even though it came out later after the SOL products, implying unequal investor interest in disparate cryptocurrency ETFs. Related Reading: Whale Alert: Ripple Sends 200 Million XRP Into The Shadows SEC Ruling On US Spot SOL ETFs Remains Pending As Canada progresses with spot Solana ETFs, their equivalents in the United States languish in limbo. It has had applications from some of the largest financial institutions, such as Grayscale Investments, Bitwise, 21Shares, Canary Capital, Fidelity Investments, and VanEck. The SEC has accepted these filings but has not approved any for release yet. The regulators last month postponed their consideration of VanEck’s Solana Trust ETF filing, rescheduling the deadline to May 19, 2025. Featured image from Pixabay, chart from TradingView
Four issuers — Purpose, Evolve, CI and 3iQ — are bringing their products to the Toronto Stock Exchange on Wednesday.
APX received exemptive relief from the Canadian Securities Administrators (CSA) at the start of this month.
Prediction market says Canada's former central banker will likely take the Liberal Party into an easy victory – thanks to aggressive posturing by U.S. President Donald Trump.
Kraken announced it will offer free Interac e-Transfer deposits for Canadian users to reduce friction for newcomers to the platform.
Also giving a boost was an easing in trade tensions between the U.S. and Canada.
Mark Carney has emerged as Canada’s new Prime Minister, replacing Justin Trudeau after a decisive victory in the Liberal Party’s leadership race. The announcement, made on March 9, confirmed Carney’s rise to power with an overwhelming 85.9% of the vote, defeating his closest rival, former Finance Minister Chrystia Freeland. Carney’s appointment follows Trudeau’s resignation in […]
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Howard Lutnick told Fox Business that President Donald Trump is willing to 'meet in the middle' on tariffs, but not eliminate them entirely – yet.
In Canada, you can buy Bitcoin on centralized exchanges, decentralized exchanges, Bitcoin ATMs and other options. You can also buy Bitcoin ETFs.
The National Bank of Canada has ventured boldly into the realm of cryptocurrencies. The bank has made $2 million investments in Bitcoin exchange-traded funds (ETFs), changing the way conventional finance views digital assets. This choice emphasizes the evolving scene of controlled crypto investments and the increasing institutional curiosity in Bitcoin. Related Reading: Ethereum Whales On The Move—224,000+ ETH Withdrawn In Record Outflow A Calculated Risk On Bitcoin ETFs The National Bank of Canada decided on ETFs instead of directly purchasing Bitcoin, following a pattern among financial institutions looking for controlled access to the digital asset. By means of Bitcoin ETFs, one can invest in Bitcoin free from the complications of direct ownership, including security of private keys or navigating cryptocurrency exchanges. This investment also coincides with a period of erratic BTC prices, which have lately ranged between $95,000-$97k. ???? National Bank of Canada Invests $2M in Bitcoin ETFs ???????????? Canada’s sixth-largest commercial bank ($462B in assets) just made a bold move into Bitcoin, purchasing $2M worth of Bitcoin ETFs. ???? Institutional adoption is accelerating, with traditional financial giants deepening… pic.twitter.com/aLuBGjUbed — Blockchain North (@BlockchaiNorth) February 13, 2025 Following The Footsteps Of Global Institutions Regarding the reception of Bitcoin ETF, Canada is setting the benchmark. The action of the National Bank of Canada is in line with those of other big multinational companies like as BlackRock, which lately started the iShares BTC Trust in the US. The growing participation of conventional banks and asset managers suggests that Bitcoin is starting to acquire popularity as a choice of investment. Weighing Opportunity And Risk Despite the surrounding buzz, detractors of ETFs contend they do not provide the advantages of direct Bitcoin ownership. Although ETFs depend on outside custodians, direct ownership of the cryptocurrencies gives investors total control over their money. ETF investments often come with management fees that could cut possible returns. Still, the National Bank of Canada seems to consider ETFs as a safer, more readily available way to expose to Bitcoin free from direct ownership and related legal concerns. Related Reading: Cardano Price Balloons 107% As Whales Scoop Up 1.41 Billion ADA What This Means For Bitcoin’s Future Bitcoin’s increasing engagement with the financial sector suggests that digital assets are gradually becoming a part of traditional finance. If additional businesses follow suit, crypto acceptance might increase even more, which would improve its price and market dynamics. The National Bank of Canada’s $2 million investment, albeit tiny at the moment, reflects a broader trend of mainstream financial actors adopting Bitcoin as a long-term asset. As interest in Bitcoin ETFs grows, it is uncertain whether other banks will follow suit, potentially bridging the gap between traditional banking and the cryptocurrency market. Featured image from Gemini Imagen, chart from TradingView
Andean “Andy” Medjedovic, 22, has been on the run from authorities since 2021.
As February began, crypto investors found themselves inside a turbulent market after the digital asset space went crashing down, leading to more than $2 billion in crypto liquidations and Bitcoin price plunged near the $90,000 mark. Related Reading: Bitcoin Bull Market At Risk If Key $97,000 Support Level Fails To Hold, Analyst Warns Analysts attributed the current turmoil in the cryptocurrency sector to the new tariffs imposed by President Donald Trump on Canada, Mexico, and China, raising questions on what would be the long-term impact of the tariffs on digital currencies. $2 Billion In Crypto Liquidations Trump said in a statement that the US is eyeing to implement heftier tariffs on its three largest trading partners, Canada, Mexico, and China, a measure that sent shockwaves in the cryptocurrency community. Market observers believe that Trump’s announcement fueled the crash across the cryptocurrency sector, which saw massive leverage liquidations among virtual currencies. Source: Coinglass According to Coinglass, more than $2 billion in crypto liquidations were recorded in the 24 hours after the planned new tariff was announced by the US President. Data also showed that the prices of the top-tier cryptocurrencies plunged after traders found themselves in a turbulent market after the tariff announcement. Bitcoin plummeted to $95,200, according to CoinGecko, the lowest price the firstborn crypto has been in three weeks. Meanwhile, Ethereum went down to about $2,800, wiping out all the gains it made since early November. “In the short term, we’ve bottomed. Market makers have used this tariff news cycle to sweep the leveraged longs and there is now very little liquidity worthy of pushing price lower,” crypto fund manager Merkle Tree Capital chief investment officer Ryan McMillin said in an interview. Tariffs Might Trigger An Inflation Analysts said that many investors are worried that the new tariff would contribute to inflation which could impact sentiments on digital assets. “Crypto is really the only way to express risk over the weekend, and on news like this, crypto resorts to a risk proxy,” Pepperstone head of research Chris Weston said. Nick Forster, founder of Derive, a DeFi derivatives protocol, believes that Trump’s new tariff would more likely push inflation up, dampening investor sentiment in cryptocurrencies. “We’re already seeing signs of heightened market volatility, as BTC’s 30-day implied volatility has risen by 4% to 54% in the wake of these tariffs and the broader economic uncertainty,” Forster said. The DeFi derivatives protocol founder added that he expects that this volatility would persist as “more negative catalysts likely unfold in the coming weeks.” A Bitcoin Boom? Bitwise Asset Management’s head of alpha strategies Jeff Park suggested that a Bitcoin boom might be a potential positive effect of Trump’s tariff policies. Related Reading: Bitcoin Price Nosedives Nearly 10%: Panic or Buying Opportunity? Park explained that the new tariffs might weaken the US dollar, creating a favorable condition that could drive growth for Bitcoin, saying that as tariffs increase inflation, it would affect both domestic consumers and international trade partners, which might drive the residents of foreign nations toward BTC to counter currency debasement. Featured image from Getty Images, chart from TradingView
Steno Research analysts predict that Bitcoin ETFs could see an estimated $48 billion in net inflows during 2025.
Canada’s potential future PM has endorsed crypto in the past, but industry executives warn it may harm his upcoming campaign.
Canadian spot Bitcoin ETF investors have been flocking to more liquid US alternatives, triggering the largest crypto ETF outflows in Canada’s history.
Canadian Prime Minister Justin Trudeau’s exit has put attention on opposition leader Pierre Poilievre, who has a history of pro-crypto comments.
Pierre Poilievre, a Bitcoin advocate and the leader of Canada’s Conservative Party, has become the frontrunner to become the country’s next Prime Minister based on Polymarket odds. Predictions on the decentralized platform show Poilievre has an 89% chance of victory, down slightly from an earlier 92%. His closest rivals — Chrystia Freeland and Jagmeet Singh […]
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Prime Minister Justin Trudeau said he'd step down as prime minister and his party's leader, opening the chance for a crypto supporter to replace him.