Regulators open a new era – with commodity status increasing, XRP ETFs surge

As of September 2025, the Canadian XRP ETF had asset management of over CAD$150 million, and XRPQ became the country's largest regulated altcoin ETF. Launched in June this year, the ETF was early on with support from Ripple and exempted from management fees. Its growth is consistent with the expansion trend of Canadian ETFs, which are becoming increasingly popular. The Securities and Exchange Commission (SEC) reclassified XRP as a commodity in August 2025, further clarifying regulatory requirements and igniting interest from institutional investors, including BlackRock's potential spot XRP ETF. Technical analysis shows that XRP is consolidating and the price may fluctuate by 25%, while on-chain data shows that it is increasing its holdings significantly. However, high foreign exchange reserves and higher NVT ratios indicate that the market may face resistance.