Top Reasons Why the US Could Approve Spot XRP ETF after Canada’s Launch on June 18

Instead of the US, Canada is all set to launch a Spot XRP ETF on June 18. The Nation has already approved various Bitcoin and Exchange trade funds, and the Ripple token one is the next addition. However, the US investors are divided on this milestone as some see it as a pushing factor for approval in the US, while others see it as competition. Let’s discuss whether the SEC will approve next or not.

Canada to Launch North America’s First Ever Spot XRP ETF

The Canadian asset manager, Purpose Investments, managing over $24B in AUM, will launch the first-ever spot XRP ETF this week. The Purpose Investments ETF will be listed on the Toronto Stock Exchange (TSX), with the ticker XRPP (CAD-hedged), CRPP.B (CAD non-hedged), and XRPP.U (USD dominated).

It would allow Canadian investors to hold this within their registered accounts, including tax-free savings accounts (TFSAs) and Registered Retirement Savings plans (RRSPs).

With this launch, Canada is rising as a leader in the regulated crypto investment products. Moreover, it’s challenging the US and President Donald Trump, who aims to make “Crypto made in America.”

However, the SEC’s regulatory delays are putting it behind, but experts believe that it will catch up soon.

Why Could the US Approve Spot XRP ETF Next?

US key ETF issuers like Franklin Templeton, Bitwise, and many others await the SEC decision on their spot XRP ETF filings. Although the recent delay has put all these on hold, the experts still foresee a high possibility of approval in 2025.

Bloomberg analysts recently revealed an 85% chance of the SEC approving the Ripple ETF in the year’s fourth quarter. More importantly, investors anticipate the same, as the Polymarket data presents 88% approval odds.

These odds even reached 98% earlier, but have decreased since there’s competition from the spot Solana ETF approval likelihoods.

The Purpose Investment’s Ripple ETF could bring further regulatory clarity to the SEC and may push it to approve the same in the US. Moreover, many leveraged ETF products have already launched based on this crypto, increasing the possibility.

Besides, the biggest hurdle in its approval is the Ripple vs SEC case, but that’s nearing its end term. This increases the odds further, but the uncertainty over the timeline of approval still exists.