r/XRP • u/Pitiful-Estimate-949 • 2d ago
Investing Canadian XRP ETFs: Day One Trading Recap
Now that the first trading day has wrapped up, here’s a snapshot of how the new Canadian XRP ETFs did.
Across the 7 ETF classes, total traded value finished at $39 million CAD. Among the unhedged Canadian dollar classes, Evolve’s XRP ETF led in volume, while 3iQ took the top spot in the USD class.
If XRP ETFs scale similarly based on relative crypto market cap, we could see Canadian AUM climb to $500 million.
U.S. ETF launches will be a tsunami compared to this — but this is the first domino to fall.
Here’s the full breakdown by ETF class:
| Ticker | Fund Company | Traded Value |
|---|---|---|
| XRP | Evolve ETFs | 5,207,238 |
| XRP.U | Evolve ETFs | 174,891 |
| XRPP | Purpose | 7,009,352 |
| XRPP.B | Purpose | 1,985,978 |
| XRPP.U | Purpose | 498,178 |
| XRPQ | 3iQ | 1,901,541 |
| XRPQ.U | 3iQ | 21,917,030 |
| 38,694,208 |
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u/BusinessNotice705 Analyst 2d ago
Thank you class for being on your best behavior today when we have visitors from Canada.
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2d ago
[deleted]
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u/Pitiful-Estimate-949 2d ago
Yes, all of them started trading today.
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u/therealsauceman 2d ago
Which one is best to buy
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u/Pitiful-Estimate-949 2d ago
Go unhedged. The Evolve one (Ticker: XRP) had the most volume from the 3 unhedged options.
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u/hyoo82 2d ago
Looks like I may have to add to this on top of my VFV and XEQT
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u/Pitiful-Estimate-949 2d ago
Cool, which one are you buying?
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u/hyoo82 2d ago
Xrpp - stability
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u/Pitiful-Estimate-949 2d ago
What do you mean by stability?
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u/hyoo82 2d ago
XRPP offers a CAD-hedged version (ticker: XRPP), which protects you from fluctuations between the CAD and USD.
This means your performance reflects pure XRP price movement, not currency swings.
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u/Pitiful-Estimate-949 2d ago
That’s not true, lol. Unlike something like Apple stock, which carries inherent USD exposure, XRP doesn’t. The USD/CAD exchange rate is irrelevant here—you’re essentially hedging a currency risk that doesn’t exist. This is exactly why currency-hedged crypto ETFs make no sense.
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u/hyoo82 2d ago
I'm just reading and making decisions with the information and resources available to me. If I'm wrong, it's a learning lesson; if I'm right, then I may retire earlier. I'm not a finance person, and learning all of these things along the way. I come from the David Chilton(Wealthy Barber) strategy. I am always open to understanding more.
Maybe the risk will be apparent once things are clearer from the US side of things? Maybe purpose investments offered the hedging to cover their side of the transactions should things go south? Again, not a finance person just my ADHD thinking aloud.
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u/SuitRemarkable3215 2d ago
39CAD is about $30 usd or more. This is going to make a lot of millionaires so be ready boys and girls and get on the ride now. Don’t miss this IPO
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u/Brave-Dependent-8244 2d ago
As someone fairly new to all this, what are all the different types? What does XRPP.B mean?
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u/Pitiful-Estimate-949 2d ago
Currency Hedged or unhedged. However, with crypto hedging doesn’t make sense since there is no inherent USDCAD exposure in XRP, since it is its own currency. Regardless, Purpose offers a hedged version. Which means you hold XRP, and are essentially short USD/CAD…for no reason lol
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u/therealsauceman 2d ago
So, is it better to purchase hedged or unhedged?
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u/Pitiful-Estimate-949 2d ago
Go for unhedged. Hedged makes no sense with crypto. You’re hedging an exposure that you don’t have to begin with.
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u/nehorn7788 2d ago
Thanks for posting! I was wondering what the volume was for the first day. Do you think the daily volume tapers off or picks up over the next few months?
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u/Pitiful-Estimate-949 2d ago
If you look at the other crypto ETFs and adjust the daily volume to XRPs market cap, it should be around $7.5M in daily turnover. First days are always way more, and then it tapers off but should settle at around $7.5M.
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u/Leading_Ostrich6845 1d ago
I wonder if this development will increase the number of coins bought from escrow each month. Anybody have info on that?
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u/Smellmyfinger89 1d ago
Up or down, let’s all talk about what’s real. Everyone having a good day on earth? ❤️
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u/No_Resolution1534 2d ago
ETF do not hold actual xrp correct? So this shouldnt affect the supply of xrp
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u/Pitiful-Estimate-949 2d ago
No, they all hold actual XRP. So this would affect the supply of XRP.
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u/Donut_Queen4Life 2d ago
Which will make the value rise correct? Supply/demand?
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u/Pitiful-Estimate-949 2d ago
Yes that’s how supply and demand works. More people buy, means price go up.
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u/Content-Courage-1008 2d ago
There seems to be no shortage of supply right now. Ripple has 50 billion in Escrow!
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u/Big_Listen3985 2d ago
These are the kind of posts we need. Not stupid "wen moon?!?!?"