XRP ETF in Canada Launches with Zero Fees

The launch of a zero-fee XRP ETF in Canada is capturing the attention of cryptocurrency and traditional market investors alike. Purpose Investments, one of the top asset managers in Canada, has officially waived all management fees for its newly introduced spot-based XRP exchange-traded fund (ETF). This bold move demonstrates a deep commitment to attracting investment and further solidifying the role of XRP in the digital asset ecosystem.

According to Purpose Investments, the zero-fee structure will remain in effect until February 1, 2026. During this timeframe, investors in the fund will not incur typical management costs, which are usually charged by ETF providers to cover operational expenses such as custody, compliance, and administration. The temporary elimination of fees creates a competitive edge, positioning the Purpose XRP ETF as an attractive vehicle for retail and institutional investors seeking direct exposure to XRP.

While ETF fees may seem relatively minor, they can significantly impact long-term returns. Eliminating these costs sends a powerful signal about the confidence Purpose Investments has in XRP’s market potential. The fund aims to provide investors with a transparent and easy way to gain exposure to XRP, one of the most recognized and actively traded cryptocurrencies.

This launch is part of a broader wave of spot XRP ETF introductions in Canada. Alongside Purpose Investments, both 3iQ and Evolve also unveiled their own XRP ETFs on the same day. All three received approval from the Ontario Securities Commission (OSC), marking a milestone in North America’s evolving regulatory landscape regarding crypto-based investment products.

Notably, these developments highlight Canada’s progressive stance toward cryptocurrency innovation. The country previously distinguished itself as the first to roll out a Bitcoin ETF in 2021. Now, by enabling multiple XRP ETFs and offering a zero-fee incentive, Canada reinforces its position as a trailblazer in the digital finance realm.

Commenting on the situation, Paul Grewal, Chief Legal Officer at Coinbase, underscored how regulatory clarity directly contributes to innovation. His remarks point to the delayed pace in jurisdictions like the United States, where robust debates and regulatory uncertainty have slowed approval for similar crypto investment products.

Grewal noted that Canada had effectively pulled ahead of the U.S. by enabling the launch of XRP ETFs without extensive delays. This momentum could encourage further institutional adoption of Ripple’s technology and long-term integration of XRP into mainstream financial services.

For investors and crypto advocates, this fee waiver represents more than just cost savings — it reflects growing institutional acceptance of XRP and the maturation of cryptocurrency products in regulated markets. Whether or not similar moves occur in other jurisdictions remains to be seen, but the zero-fee initiative surely raises the competitive bar for crypto ETFs globally.

Canada’s advancement may also prompt discussions among U.S. regulators and fund managers, especially given rising demand for diverse crypto investment options. As global policymakers examine the success of Canada’s XRP-related ETFs, platforms like Purpose Investments are likely to benefit from first-mover advantages and increased capital inflows.

Related: Expert Advice: Sell XRP If You’re Confused

Overall, the introduction of a zero-fee XRP ETF in Canada marks a significant shift in how digital asset investments are structured and promoted. With zero fees until early 2026 and the foundational support of regulators, Canada sets a new standard in cryptocurrency investment opportunities—and XRP stands prominently at its center.