Stacy Pereira
- Investor demand sees 3iQ’s SOLQ surpass CAD 300 million and XRPQ exceed CAD 150 million in AUM.
- SOLQ announced that it will levy no management fees until April 2026, while XRPQ offered a 0% management fee for the first six months.
- The record AUMs show investor demand and reinforce 3iQ’s first-mover leadership in Canada’s digital asset ETF market.
Digital asset manager 3iQ has announced big news: its Solana Staking ETF (SOLQ) has crossed CAD 300 million in assets under management (AUM). Moreover, its XRP ETF (XRPQ) has topped CAD 150 million in AUM. Both ETFs were launched earlier this year and are now the largest in their categories among Canadian funds.
SOLQ gains early momentum
Launched in April, SOLQ quickly attracted major investors like SkyBridge Capital, which led its initial investment. ARK Investment joined in through two of its U.S.-listed ETFs. These are, namely, ARKW and ARKF, making them the first U.S. ETFs to invest in Solana and its staking rewards. And in its bid to sweeten the deal, SOLQ announced that it will levy no management fees until April 2026.
XRPQ makes a splash
On the other hand, XRPQ made its debut in June and soon gained global attention. It offered a 0% management fee for the first six months, making it one of the most affordable digital asset ETFs. Ripple, a leader in blockchain technology, was among its early backers.
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Big-name investments helped build trust and attract a wide range of investors, from individuals and financial advisors to institutions and family offices. By scaling quickly, each fund has established durable competitive moats that reinforce 3iQ’s leadership in the digital asset ETF landscape.
Pascal St-Jean, President and CEO of 3iQ, said, “The success of SOLQ and XRPQ shows that investors want secure, transparent, and regulated ways to access digital assets.”
3iQ has been leading from the front. From launching the world’s first exchange-listed Bitcoin and Ether funds to being the first to incorporate staking rewards in Ether strategies. It was also quick to gauge demand and launch market-leading ETFs for Solana and XRP. Since 2012, 3iQ has been at the forefront of innovation in digital asset investment management and promises to continue to do so.
