Canada’s XRP ETF: Zero Fees and a Dash of Sarcasm!

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Ah, Purpose Investments, that illustrious titan of Canadian finance, has decided to sprinkle a little fairy dust on its freshly minted spot-based XRP ETF by completely waiving the management fee. Yes, you heard it right—zero fees! 🎉

For a delightful span of nearly eight months, investors can bask in the warm glow of fee-free bliss. Who knew that financial management could be so generous? It’s almost as if they’re saying, “Please, take our money!”

Now, let’s not forget the usual suspects in the ETF world, those charming companies that typically charge investors for the privilege of their services—handling assets, ensuring compliance, and managing the endless paperwork that makes one question their life choices. But not here, not now! 😏

Canada: The Unlikely Vanguard of XRP ETFs

In a delightful twist of fate, Purpose Investments is not alone in this audacious endeavor. Two other brave souls, 3iQ and Evolve, have also joined the fray, launching their own spot XRP ETFs on the same fateful Wednesday. It’s like a financial party, and everyone’s invited! 🎊

As reported by U.Today, these firms have received the golden ticket from the Ontario Securities Commission (OSC) after what felt like an eternity of anticipation. Who knew waiting could be so thrilling?

Paul Grewal, the chief legal officer at Coinbase, recently pointed out that Canada has managed to outpace the U.S. in this ETF race. Regulatory clarity, he mused, is the secret sauce that drives innovation. Who would have thought that clarity could be so… enlightening? 💡

And let’s not forget, Canada was the proud pioneer of the very first Bitcoin ETF back in 2021. It seems our northern neighbors are not just about maple syrup and hockey; they’re also making waves in the world of cryptocurrency! 🍁

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2025-06-19 19:10