Canada’s ETF Market Sees Big Crypto Moves, Leveraged Launches & Regulatory Review
Canada’s ETF market just pulled ahead—launching XRP crypto funds, Apple income plays, and 3x leveraged bets all in one week.
This week, Canada's ETF market was abuzz with innovation—from crypto and leveraged strategies to regulatory developments and income-focused launches. Here's what Canadian investors need to know.
Canada Takes the Lead on XRP ETFs
While the U.S. continues to delay decisions on spot XRP ETFs, Canadian issuers wasted no time. On Wednesday, 3iQ, Evolve ETFs, and Purpose Investments each launched their own spot XRP ETFs, making Canada the first North American country to list such products.
- 3iQ XRP ETF (XRPQ): Zero management fee for six months, cold-storage custody, and Ripple as an early investor.
- Evolve XRP ETF (XRP): Holds physical XRP, easily accessible via standard brokerage accounts.
- Purpose XRPP ETF: Offers a fee holiday to attract early adopters.
These launches give investors access to the third-largest cryptocurrency in a secure and regulated wrapper—well ahead of the SEC, which is still reviewing 11 spot XRP filings in the U.S.
Apple, but With Income: Harvest Rolls Out Single-Stock ETF
Harvest Portfolios expanded its lineup of single-stock ETFs with the debut of the Harvest Apple Enhanced High Income Shares ETF (APLE).
- Ticker: APLE.TO
- Strategy: Leveraged exposure to Apple Inc. with an active covered call overlay to generate monthly income.
- First Distribution: $0.12 per unit, payable August 8.
This follows a broader Canadian trend of offering income-enhanced exposure to major U.S. tech names.
Global X launches New 3x /-3x Leveraged ETFs
Global X Canada launched four new leveraged ETFs under its BetaPro line, offering both 3x and -3x daily exposure to the Nasdaq-100 and S&P 500—the highest leverage currently available in Canada without regulatory exemptions.
- Management Fee: 0.65% after rebate (lowest globally for 3x/-3x ETFs).
- Why It Matters: These products cater to sophisticated traders seeking amplified returns or hedging options.
With over 17 years of experience, BetaPro remains Canada’s dominant name in the leveraged ETF space.
TDAM Expands Popular Fund into ETF Format
TD Asset Management filed to offer an ETF version of its popular TD North American Dividend Fund (TDNA CN).
- Strategy: Income and moderate growth via North American dividend-paying equities, REITs, and bonds.
- Management Fee: 0.80%
This move reflects a broader trend of Canadian mutual funds seeking ETF conversions or parallel ETF listings.
CSA Opens Regulatory Consultation on ETFs
The Canadian Securities Administrators (CSA) is reassessing ETF regulations amid surging adoption—AUM hit $518 billion by end-2024.
Key themes of the review:
- Suitability of existing rules given ETF mechanics (liquidity, creation/redemption, arbitrage).
- Investor access to U.S. ETFs through local brokerage platforms.
- Oversight of foreign ETF exposures held within Canadian public funds.
The CSA invites feedback until October 17, 2025, in what could shape the next era of ETF regulation in Canada.
Please note this article is for information purposes only and does not in any way constitute investment advice. It is essential that you seek advice from a registered financial professional prior to making any investment decision.
