Canada-based asset manager, 3iQ has launched a new spot XRP exchange-traded fund. The company through a blog post confirmed the development that the new XRP ETF will start trading today on the Toronto Stock Exchange (TSX).
The newly launched product will carry the sticker XRPQ and it is exclusively available for North American investors. As announced, the XRPQ will offer investors direct exposure to the XRP token which is currently the fourth-largest cryptocurrency by market cap.
Underlying the early acceptance of the fund, Ripple the issuer of the XRP token is already one of the investors in XRPQ, 3iQ confirms. The announcement disclosed that the XRP ETF will come with a 0% management fee for its first six months.
Insight into the composition of XRPQ revealed that it invests solely in long-term XRP positions from renowned exchanges and OTC platforms. 3iQ added that all the assets will be stored in cold storage for enhanced security.
Meanwhile, the latest launch further confirms 3iQ as one of the leading issuers of crypto-backed ETFs. In early 2025, 3iQ unveiled its Solana Staking ETF, which now controls more than $120 million in assets under management.
As per the firm, the fund is currently the largest SOL ETF. Similarly, 3iQ is the first investment company to launch Bitcoin and Ethereum ETFs in Canada.
Keynote on the newly launched XRP ETF by 3iQ
According to the statement released by the firm, XRPQ will be available for investors in Canada with registered accounts. On the flip side, qualified International investors can as well access the fund depending on local regulations.
The president and CEO of 3iQ, Pascal St-Jean said the unveiling of the XRPQ is a new milestone in the firm’s mission to offer investors convenient, and cost-effective access to virtual assets in a regulated framework. Likewise, the president narrated how XRP has recorded a tremendous rise in past years.
St-Jean opined that the new fund is offering investors in Canada alongside qualified international investors a transparent, and tax-efficient means of leveraging the opportunity.
Additionally, the launching of 3iQ underlines the growing institutional adoption of digital assets as the sector continues to mature with more regulatory clarity. The market debut of XRPQ by 3iQ coincides with the launching of Purpose Investments’ spot XRP ETF.
A recent Binbits report revealed how Trump-backed Truth Social applied for a dual spot Bitcoin and Ethereum ETF. Also, there are growing indications that SOL ETF may hit the US market soon.
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