XRP Secures Another Regulatory Milestone in Canada: ETF Options Hit US Market

Canada's financial market has once again moved ahead of the curve, creating a legal bridge for U.S. capital to $XRP-based instruments. While regulators in Washington weigh the risks, Canadian infrastructure has begun expanding southward: options on domestic $XRP ETFs have officially received the green light in the U.S. market.

The main driver behind this new stage was the Canadian Derivatives Clearing Corporation (CDCC). In its latest Form 8-K report dated Sept. 9, 2026, the organization confirmed the registration of options on the Evolve $XRP ETF and Purpose $XRP ETF for sale in the United States under Form S-20.

These instruments have traded successfully on the Montreal Exchange since the beginning of the year. They have now joined derivatives on Bitcoin, Ethereum and Solana in the same regulated category.

The legal groundwork was laid by notices published in the U.S. Federal Register: the SEC and CFTC classified $XRP as a qualifying digital commodity. This gave U.S. institutions direct access to trading the asset's volatility through familiar and protected Canadian exchange-traded contracts.

Canadian banks do not like crypto. But they adopted $XRP anyway

The regulatory shift coincided with the first public filings from Canada's largest banks, which have begun cautiously adding $XRP exposure to their disclosures. Form 13F-HR filings revealed that institutional players are gradually entering the sector through U.S. spot funds: