Zero management fees for the first six months; Global access offered to investors
Canadian digital asset manager 3iQ has announced the launch of its new XRP Exchange-Traded Fund (ETF) on the Toronto Stock Exchange (TSX), further expanding its portfolio of crypto investment products. The XRPQ ETF, which began trading this week, provides investors with direct exposure to XRP, the fourth-largest cryptocurrency by market capitalisation. Notably, Ripple, the company behind the XRP Ledger, is listed as an early investor in the fund.
Zero-fee Launch and Regulated Access
To attract initial interest, XRPQ will feature zero management fees for the first six months. The fund will invest exclusively in long-term XRP positions sourced from reputable exchanges and over-the-counter (OTC) platforms. All holdings will be stored in cold wallets to ensure maximum security.
Pascal St-Jean, President and CEO of 3iQ, commented:
“The launch of XRPQ marks another milestone in our mission to provide investors with convenient, cost-effective access to digital assets within a regulated framework.”
To celebrate the ETF’s debut, 3iQ executives were invited to ring the closing bell at the TSX, symbolising a new chapter for XRP-related institutional products in Canada.
Global Availability and Institutional Interest
The new XRP ETF is available to Canadian investors through registered accounts and is also accessible to qualified international investors, subject to local regulatory requirements.
St-Jean added:
“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.”
The launch comes amid growing institutional appetite for regulated digital asset products, with investors increasingly seeking secure custody and clear regulatory frameworks.
3iQ’s Expanding Crypto Portfolio
The XRPQ fund is the latest in a series of crypto ETFs launched by 3iQ. Earlier this year, the firm introduced the Solana Staking ETF, which has since become the largest Solana ETF in Canada, managing over $120 million in assets. 3iQ was also a pioneer in launching Bitcoin and Ether funds in North America.
With XRPQ, the company continues to demonstrate its commitment to expanding investment access to diverse crypto assets within secure and regulated structures.
More XRP Products Enter the Market
3iQ’s XRPQ is not the only XRP-focused product making headlines. Purpose Investments, another Canadian firm, has also launched its own spot XRP ETF this week.
Meanwhile, in the United States, the Securities and Exchange Commission (SEC) has opened a public comment period for two proposed spot crypto ETFs from Franklin Templeton, one for XRP and another for Solana, both aiming to list on the Cboe BZX Exchange.
While Bitcoin and Ether ETFs have already gained regulatory approval in the U.S., asset managers are now racing to bring spot ETFs for other leading tokens, such as XRP and Solana, to market.
