Is Canada Leading the Charge on XRP ETFs | U.S. Investors Left Behind?
Interest around the XRPP ETF for XRP is heating up in Canada, drawing stark contrasts with the U.S.'s slow movement. Participants on various forums express both excitement and growing frustration regarding the lack of a similar opportunity in the U.S.
Canadian Tax Benefits Attract Investors
Recent comments underscore the appeal of the XRPP ETF, particularly due to its ability to be held in tax-sheltered accounts. One investor pointed out,
"I can hold an ETF in a tax sheltered account. That’s the big one for me."
Additionally, some users are contemplating investing in ProShares UXRP, which began trading recently in the U.S., indicating a budding interest among American investors.
While Canadian options continue to attract attention, many U.S. investors feel sidelined. The sentiment is captured in the words of one forum participant who expressed:
"I’m looking at the 3. None are spot. I’ll still open small positions."
Confidence and Skepticism
The divide is clear: while many favor ETFs for their tax advantages, others remain skeptical. A user highlighted the versatility of the ETF strategy, saying,
"XXRP is a great way to get 2x leverage of whatever XRP does. Good luck!"
The lack of a spot-based ETF in the U.S. remains a pressing issue, with commentators voicing concerns about missed investment opportunities.
Growing Pressure for U.S. ETFs
There’s an apparent push for U.S. regulators to approve a spot-based ETF. Recent developments suggest that growing pressure from American investors could result in favorable regulatory changes. The likelihood of a U.S. ETF approval is estimated at 65% by late 2026, indicating shifting tides in crypto regulation.
Key Insights
📈 Tax advantages of the XRPP ETF attract Canadian investors, with some expressing their satisfaction in forums.
🌎 U.S. investors are exploring other opportunities as they await a spot-based ETF, with new options like ProShares UXRP appearing.
🗣️ Comments reflect a mix of optimism and skepticism about investing through ETFs versus direct purchases of XRP.
As discussions grow, American investors remain hopeful for future changes while keeping a close eye on Canada's progress. Will they finally gain access to the ETF opportunities they seek?