Johann Wilfred
Digital asset investment solutions company 3iQ has launched an XRP ETF in North America, specifically in Canada. The ETF will begin trading on the Toronto Stock Exchange on June 18, 2025 under the ticker ‘XRPQ’. To officially mark their presence in the market, 3iQ will ring the closing bell, to end the day’s trade.
It will debut with a 0% management fee for the first six months of trading and will invest in long-term holdings of XRP secured from digital asset platforms and OTC counterparties. Blockchain payments platform Ripple is an early investor in the fund.
“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,” said 3iQ’s CEO, Pascal St Jean.
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“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,” Pascal noted.
Before this, the first-ever XRP futures ETF made its trading debut under the ticker ‘XRPI’ on the NASDAQ in May 2024. The fund has 80% of its assets in XRP futures contracts, with the remaining locked up in XRP-linked ETPs according to CoinDesk.
