Johann Wilfred
3iQ’s XRP ETF, trading under the ticker ‘XRPQ’, has accumulated C$32 million in AUM or Assets Under Management within days of making its debut on the Toronto Stock Exchange, as per a media statement by 3iQ. At the time of reporting, the stock offering is Canada’s largest XRP ETF.
The ETF was launched last week with a 0% management fee and is one of the very few ETFs offering exposure to XRP. Ripple was an early seed investor for the fund.
Multiple companies have filed for XRP ETFs with the regulator, including Bitwise, Canary Capital, 21Shares, WisdomTree, ProShares, CoinShares, Grayscale, Volatility Shares, and Franklin Templeton, according to a Cointelegraph report.
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“Our XRP ETF’s impressive success after only a few days of trading, similar to what our Solana Staking ETF experienced very shortly after its launch, underscores the benefits we offer to both retail and institutional investors looking to increase exposure to digital assets,” said 3iQ’s CEO and President, Pascal St Jean.
“We are well-positioned to continue pioneering products that enable investors all over the world to comprehensively and safely, invest in digital assets.”
3iQ’s newly launched ETF invests in long-term XRP holdings, which are secured from digital asset trading platforms and OTC counterparties.
The company also launched a Solana ETF earlier this year in April, which saw the accumulation of C$90 million after two days of trading.
