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3iQ has launched North America's first XRP Exchange-Traded Fund (ETF) on the Toronto Stock Exchange (TSX), trading under the symbols XRPQ and XRPQ.U. This landmark offering provides investors with regulated exposure to XRP, the third-largest digital asset by market capitalization, and is notably backed by Ripple, a leader in enterprise blockchain solutions.
A New Era for XRP Investment
The introduction of the 3iQ XRP ETF marks a significant milestone for the digital asset market in North America. This ETF allows investors to gain long-term exposure to XRP within a regulated framework, addressing a growing demand for accessible and secure cryptocurrency investment vehicles. The fund begins with a 0% management fee for the first six months, positioning it as a highly competitive option in the digital asset ETF landscape.
Key Takeaways
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First-of-its-Kind: The 3iQ XRP ETF is the first exchange-traded fund in North America to offer direct exposure to XRP.
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Ripple's Backing: Ripple, a prominent player in the blockchain and crypto space, is an early investor in the fund, underscoring confidence in the ETF's potential.
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Competitive Fees: The ETF features a 0% management fee for the initial six months, making it an attractive option for investors.
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Secure Custody: The underlying XRP assets are held in standalone cold storage, ensuring a high level of security.
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Regulatory Clarity: Canada's progressive stance on cryptocurrency integration has paved the way for such regulated products, potentially influencing other jurisdictions.
Strategic Investment and Market Impact
Ripple's early investment in the 3iQ XRP ETF highlights its commitment to fostering ecosystem growth and integrating XRP into traditional financial systems. This partnership not only enhances XRP's credibility but also aligns with Ripple's broader objective of mainstream adoption. The ETF invests solely in long-term holdings of XRP, acquired from reputable digital asset trading platforms and over-the-counter (OTC) counterparties.
Pascal St-Jean, President and CEO of 3iQ, emphasized the significance of this launch, stating, "XRP has demonstrated significant growth potential over the past decade, and this groundbreaking strategy offers Canadian and qualified global investors a transparent, low-cost and tax-efficient way to securely access that opportunity. Ripple Labs' investment support reflects our shared leadership in advancing the digital asset space."
XRP's Growth and Future Potential
XRP, the native digital asset of the XRP Ledger, is designed for high-speed, low-cost cross-border payments. Since January 2015, XRP's price has seen an increase of over 10,800%. The XRP Ledger consistently settles transactions in three to five seconds with minimal fees. Ongoing regulatory clarity and increasing institutional interest are positioning the XRPL to address real-world use cases, including global remittances and liquidity management.
This launch follows 3iQ's earlier success with the 3iQ Solana Staking ETF (TSX: SOLQ), which quickly became the largest Solana ETF, accumulating over $120 million USD in assets under management by June 12, 2025. The introduction of the XRP ETF further solidifies 3iQ's leadership in providing regulated and secure investment vehicles for digital assets.
Sources
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3iQ Launches XRP ETF (XRPQ, XRPQ.U), Offering First-of-its-Kind Access to XRP in North America, SNN News.
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XRP a great hedge and alternative to other top 10 digital assets, says 3iQ CEO Pascal St-Jean |
Bitcoin Insider, Bitcoin Insider. -
Purpose Investments and 3iQ Launch First Spot XRP ETFs in Canada, AInvest.
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Canada Leads With First Spot Offering, TronWeekly.
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XRP ETF Hits Toronto Exchange as SEC Mulls U.S. Approval — Crypto News Aggregator (ENG), Blockchair.
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