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Canadian digital asset manager 3iQ has introduced North America's first XRP-focused exchange-traded fund on the Toronto Stock Exchange. The 3iQ XRP ETF (XRPQ) commenced trading on June 18, 2025, offering regulated exposure to the fourth-largest cryptocurrency by market capitalization. Notably, Ripple Labs serves as a strategic investor in the fund, marking a significant corporate endorsement.
The new ETF features an introductory six-month period with【0% management fees】, potentially saving investors thousands in annual costs. All XRP holdings will be stored in cold storage wallets, with assets sourced exclusively from vetted exchanges and over-the-counter platforms. "This product combines institutional-grade security with retail accessibility," stated 3iQ CEO Pascal St-Jean during the TSX bell-ringing ceremony.
While primarily targeting Canadian investors through registered accounts, the fund also accommodates qualified international participants based on local regulations. The launch coincides with Purpose Investments' competing XRP ETF debut and follows 3iQ's successful Solana Staking ETF, which now manages over【$120 million】in assets. Meanwhile, U.S. regulators have opened public comments on Franklin Templeton's proposed XRP ETF filing.
——The XRPQ launch signals accelerating institutional adoption of altcoin investment vehicles—— industry analysts observe. 3iQ, which pioneered Canada's first Bitcoin and Ether funds, reports growing demand for regulated crypto exposure beyond the two dominant assets. The TSX listing provides daily liquidity and eliminates the technical complexities of direct cryptocurrency ownership.
This development occurs as global regulators gradually clarify rules for digital asset securities. While U.S. spot Bitcoin ETFs gained approval earlier, the SEC's review of altcoin funds suggests evolving acceptance. Market observers note XRP's unique position as one of few cryptocurrencies with relative regulatory clarity following Ripple's partial legal victory against the SEC in 2023.