26.06.2025 13:00

Ripple's XRP gains significant traction as 3iQ, a Canadian asset management firm, introduces the first XRP-focused exchange-traded fund (ETF) on the Toronto Stock Exchange. This development, supported by Ripple itself, suggests a burgeoning institutional interest in XRP and hints at a potential wave of similar ETF approvals in the United States.

This groundbreaking XRPQ ETF, launched this week, represents a pivotal moment for the institutional adoption of XRP, Ripple's native token. Trading commences on the Toronto Stock Exchange (TSX), with Ripple acting as an early investor and 3iQ offering a zero management fee for the initial six months to incentivize participation. This strategic move aims to attract investors seeking regulated access to XRP, currently ranked among the top four cryptocurrencies by market capitalization.

3iQ's CEO, Pascal St-Jean, emphasizes the fund's mission to provide convenient and cost-effective access to digital assets within a robust regulatory framework. St-Jean highlights XRP's considerable growth potential over the past decade, characterizing the XRPQ ETF as a transparent, low-cost, and tax-efficient vehicle for investors to securely capitalize on this potential. The fund's holdings are sourced exclusively from established exchanges and OTC platforms, guaranteeing security through cold storage solutions.

Furthermore, the accessibility of XRPQ extends beyond Canadian borders. Canadian residents can access the ETF through registered investment accounts, while certain international investors may also participate, subject to their local regulatory guidelines. The timing of this launch is particularly significant, coinciding with promising regulatory developments in the United States, suggesting that similar XRP ETFs could soon receive SEC approval, drastically increasing institutional exposure to this digital asset. This convergence of events marks a pivotal moment in the evolution of XRP and its integration into mainstream finance.