18.06.2025 23:41
Canadian investment firm 3iQ has made a significant move in the cryptocurrency market, unveiling its new XRP exchange-traded fund (ETF) on the Toronto Stock Exchange (TSX). Trading under the ticker symbol XRPQ, this ETF provides North American investors with direct exposure to XRP, the fourth-largest cryptocurrency by market capitalization. This launch marks a noteworthy step in making digital assets more accessible within a regulated environment.
Adding to the significance of this launch, Ripple, the company behind XRP and the XRP Ledger blockchain, has participated as an early investor in the 3iQ XRP ETF. The 3iQ team celebrated this milestone by ringing the TSX closing bell. The fund boasts a unique advantage with zero management fees for the initial six months, demonstrating a commitment to investor value. Further highlighting its commitment to security, all XRP holdings are securely stored in cold storage, acquired solely from established exchanges and over-the-counter (OTC) platforms.
Pascal St-Jean, President and CEO of 3iQ, expressed the company's vision: The XRPQ ETF represents another significant step toward providing investors convenient and affordable access to digital assets while adhering to a regulated framework. Beyond simple Canadian access, XRPQ is available to qualified international investors, facilitating global participation according to their respective regulatory guidelines. St-Jean further emphasized XRP's considerable growth potential over the past decade, highlighting this ETF's role in providing a transparent, cost-effective, and tax-advantaged method of accessing this opportunity.
This launch coincides with a surge in institutional interest in cryptocurrency investments, particularly those offering regulatory clarity and robust security features. This follows 3iQ’s earlier success with the Solana Staking ETF, which has swiftly become the largest Solana ETF in the market, boasting over $120 million in assets under management. 3iQ's pioneering role in the North American crypto market is further underscored by their prior introductions of Bitcoin and Ether ETFs, solidifying their position as a leader in this space. The continued development of XRP-focused funds reflects the expanding global interest in and acceptance of this particular digital asset.
