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

17 Jun, 2025 Updated 17 Jun, 2025

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White House economic advisor expects a US government shutdown resolution soon, potentially accelerating the SEC’s XRP ETF evaluations

Highlights

Canada is launching North America’s first-ever spot XRP ETF on June 18, 2025.
Experts estimate an 85-88% XRP ETF approval chances in the US by 2025 end.
Canada’s ETF launch and regulatory developments in the US could influence the SEC’s decision.

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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.

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Frequently Asked Questions (FAQs)

1. Where will this spot XRP ETF be listed?

The XRP ETF will be listed on the Toronto Stock Exchange (TSX) under the XRPP, CRPP.B, and XRPP.U tickers.

2. Can the US investors expect a Spot XRP ETF soon?

Experts predict a high chance of Spot XRP ETF approval in the US in 2025.

3. What factors increase the odds of US Spot XRP ETF approval?

Factors like investor demand, Canadian ETF launch, growing regulatory clarity, resolution on the Ripple vs SEC case, and many other factors increase the approval odds.

Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.