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📅 July 3, 7:00 – July 9,
XRP ETF Launches on TSX—3iQ Brings XRP to Canada
Key Points:
The ETF provides long-only exposure to XRP, with assets sourced from regulated exchanges and over-the-counter platforms. All XRP holdings are secured in cold storage. To mark the launch, the 3iQ team will ring the closing bell at the TSX.
XRP ETF Offers 0% Management Fee for First Six Months
The XRPQ ETF begins with a six-month 0% management fee. 3iQ says the goal is to provide cost-effective, regulated access to XRP, one of the most widely traded cryptocurrencies by market cap.
Pascal St-Jean, president and CEO of 3iQ, stated,
This statement reflects the firm’s continued focus on low-cost crypto investment products.
Ripple Backs the Fund, Expanding Access to XRP ETF Globally
According to 3iQ, Ripple, the company behind the XRP cryptocurrency and the XRP Ledger, is an early investor in the fund. XRPQ is available through Canadian registered accounts and may also be accessible to qualified international investors, depending on jurisdiction-specific rules.
St-Jean added, “XRP has demonstrated significant growth potential over the past decade,” but acknowledged the need for regulated products to give global investors a “transparent, low-cost and tax-efficient” option to invest in XRP. Still, some investors are watching closely to see how regulatory clarity continues to evolve.
Meanwhile, 3iQ’s XRP ETF launch follows a similar move by Purpose Investments, which also launched a spot XRP ETF this week. In the US, Franklin Templeton has filed for approval of an XRP ETF and a Solana ETF, both of which are under review by the Securities and Exchange Commission.
3iQ has been active in the digital asset space, launching the first Bitcoin and Ether funds in Canada. As CoinCu reported, the firm also introduced a Solana staking ETF earlier this year, which now manages over $120 million in assets. The launch of the XRP ETF adds to the company’s growing suite of crypto investment offerings.
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