18.06.2025 19:03

Canada's Toronto Stock Exchange (TSX) now hosts a spot-based XRP exchange-traded fund (ETF), marking a significant step for cryptocurrency accessibility in North America. 3iQ Corp., a Canadian digital asset manager, launched the 3iQ XRP ETF (XRPQ), offering investors exposure to the fourth-largest cryptocurrency by market capitalization. The launch was commemorated with 3iQ ringing the TSX closing bell, underscoring the event's importance.

To attract investors, 3iQ is waiving management fees for the first six months. This strategic move aims to make the XRPQ ETF more cost-effective and appealing to a broader range of investors seeking exposure to XRP. Furthermore, demonstrating confidence in the ETF and its underlying asset, Ripple, the San Francisco-based payments firm, has made an undisclosed investment in the fund.

The ETF's holdings consist of XRP acquired through regulated over-the-counter (OTC) trading desks. Security is prioritized through the use of segregated cold storage for the XRP coins backing the ETF, mitigating potential risks associated with digital asset security. Accessibility is maximized by making the ETF available to Canadian investors through registered accounts and even to eligible institutional clients internationally, adhering to relevant local regulations.

Pascal St-Jean, CEO and President of 3iQ, highlighted the launch's alignment with the company's goal of providing access to regulated and affordable digital assets. He noted XRP's impressive growth trajectory, highlighting its remarkable price appreciation since 2015 – a surge exceeding 10,850%, from $0.02 to $2.19 – and emphasized that XRPQ offers investors a chance to participate in this potential future growth. The launch of XRPQ thus provides a regulated and accessible pathway for investors to participate in the XRP market.