US Investors Can Now Trade XRP ETF Options Through Canada. Here’s How It Works

A Canadian derivatives filing just opened a regulated backdoor for US investors into XRP ETF options, and the mechanics behind the cross-border access reveal why most retail traders will still want to look elsewhere.

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XRP (CRYPTO:XRP) ETF options crossed into the US market this week, and no new exchange listing was involved. The Canadian Derivatives Clearing Corporation registered options on the Evolve XRP ETF and Purpose XRP ETF for sale in the United States on September 9, 2026, under a filing known as Form S-20. 

The registration opened a regulated channel for eligible US investors to trade contracts that already existed in Canada. We examine how U.S. investors can trade and how the new registration favors them. 

What Changed for U.S. Investors?

Before this registration, US investors who wanted XRP options exposure had only the CME’s XRP futures and options, which launched separately and settled against the CME CF XRP-Dollar Reference Rate. By comparison, XRP ETF options tied to a spot ETF were not part of that picture.

That changed with CDCC’s Form S-20 filing. Evolve XRP ETF and Purpose XRP ETF options stay listed on the Montreal Exchange and cleared by CDCC, exactly as they were before the filing. Under the new cross-border framework, eligible US investors can now buy and sell those same contracts.