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Bold Statements from the Famous CEO about Ripple (XRP)! "No Investor Can Buy XRP at This Price!"
In the US, ETF approval is expected for altcoins like XRP, Solana (SOL) and Cardano (ADA) after Bitcoin and Ethereum.
However, not every country takes altcoin ETFs as seriously as the USA. At this point, Canada has taken significant steps regarding XRP ETFs, with Canadian companies 3iQ and Purpose XRP ETF launching their products.
At this point, Canadian cryptocurrency asset manager 3iQ launched the XRP ETF with zero management fees for six months, while Purpose introduced the spot XRP ETF that offers direct spot access to XRP on June 18.
While XRP ETFs are receiving great interest in the country, 3iQ CEO Pascal St-Jean announced an important advantage of their newly launched 3iQ XRP ETF (XRPQ).
The CEO stated that the XRP ETF they offer provides institutional investors with access to XRP at rates that retail investors cannot match.
At this point, the CEO claimed that no retail investor would be able to purchase XRP at the price at which institutional players are buying it globally.
The CEO of 3iQ stated that the company has secured pricing and custody that no retail investor can access, and mentioned that the company's XRP ETF has become the largest XRP ETF in the country.
"No retail advisor or investor can purchase XRP at the price you offer globally."
At this point, even after the zero-fee period ends, XRPQ will continue to be the most cost-effective XRP ETF in the market.
The company behind XRP, Ripple, also stated that it supports the ETFs in Canada, seeing them as an early supporter.
Experts stated that according to the data, XRPQ has made headlines as the largest XRP ETF in Canada in just a few days, and that these ETFs are seen as a significant milestone for institutional adoption of XRP.
*It is not investment advice.
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