Canadian digital asset manager 3iQ has added another feather to its cap by introducing a new XRP-focused exchange-traded fund (ETF) to the Toronto Stock Exchange (TSX). Known as XRPQ, the fund provides investors with a direct avenue into XRP, a leading cryptocurrency ranked fourth by market capitalisation.
Image 1: 3iQ Launches XRP ETF on Toronto Exchange (Source: UNLOCK Blockchain)
XRPQ Hits Toronto Exchange with Ripple’s Support
Ripple, the blockchain firm behind XRP and the XRP Ledger, has backed the initiative as an early investor. With this strategic involvement, Ripple lends both credibility and capital to the fund. 3iQ marked the debut by closing the trading day at TSX with the ceremonial bell, signalling its latest push into regulated crypto offerings.
Accessible Investment with Zero Initial Fees
The ETF enters the market with a sweetener—there will be no management fees for the first six months. That move is likely to tempt investors keen on exploring XRP exposure without being nickel-and-dimed early on. According to 3iQ, XRPQ will invest solely in long-term XRP holdings, purchased through trusted exchanges and over-the-counter desks.
Security remains front and centre, with all digital assets stored offline in cold wallets, away from online threats. The structure ensures that the fund maintains strong oversight while keeping assets safe under lock and key.
Pascal St-Jean, 3iQ’s President and Chief Executive Officer, sees the launch as part of the company’s mission to provide easier access to digital assets via well-regulated vehicles. He believes the ETF will offer a user-friendly entry point for investors seeking exposure to cryptocurrencies without having to worry about the complexities of direct ownership.
Global Reach and Growing Appetite
Though the ETF is grounded in Canada, its reach isn’t restricted. It is available to domestic investors via registered accounts and can also be accessed by international investors where local regulations permit. The global availability reflects a rising interest in structured crypto investment products that operate within clear legal boundaries.
St-Jean noted that XRP has shown impressive growth over the past decade and that the ETF is built to offer both cost efficiency and clarity for those eyeing the digital asset market. With clearer rules and safer structures now in place, institutional and individual investors alike are no longer sitting on their hands when it comes to crypto.
The ETF’s appearance on the TSX also indicates the increasing appetite for digital asset exposure through traditional investment tools. Products like XRPQ aim to bridge the gap between old-school finance and the new digital frontier.
Following a Trail of Success
This isn’t 3iQ’s first rodeo in the ETF arena. Earlier this year, the firm unveiled a Solana Staking ETF, which has since become the largest Solana-focused fund in Canada, boasting over $120 million in managed assets. 3iQ had previously rolled out the country’s first Bitcoin and Ethereum funds, showing a clear pattern of leadership in this fast-growing space.
Each new launch cements its reputation as a trailblazer in digital asset investment, continually offering professionally managed and fully regulated products for the North American market and beyond.
We are excited to announce the launch of the 3iQ XRP ETF (TSX: XRPQ, XRPQ.U) — one of the first ETFs in North America to provide exposure to #XRP.
XRPQ debuts with a 0% management fee for the first six months, and @Ripple as an early investor in the fund.
“The launch of XRPQ… pic.twitter.com/me19RLAzJI
— 3iQ Digital Asset Management (@3iq_corp) June 18, 2025
The XRPQ fund, in particular, is well-positioned for those eager to put their money where the future lies but prefer the safeguards and structure of traditional markets. By removing management fees early on, 3iQ gives investors the chance to test the waters without upfront costs taking a bite out of returns.
Image 2: (Source: cryptodnes)
XRP ETFs Enter Competitive Phase
3iQ is not the only player making moves in the XRP space. Purpose Investments, another Canadian firm, launched its own XRP ETF almost in tandem, heating up competition in this corner of the crypto market. With multiple funds now available, investors are spoiled for choice, and the race to capture market share has truly begun.
On the other side of the border, Franklin Templeton is seeking approval for two proposed crypto ETFs in the United States—one for XRP and another for Solana. Both are intended for listing on the Cboe BZX Exchange. The U.S. Securities and Exchange Commission has already opened the floor for public comment as it evaluates both proposals.
Read also: XRP and ADA Price Drop Signals Larger Crypto Market Decline
This development shows that after Bitcoin and Ethereum, other heavyweight digital assets like XRP and Solana are stepping into the ETF spotlight. Investment firms are jostling for position, each eager to launch the next big offering.
As regulatory frameworks become more settled and demand keeps rising, these ETFs represent a golden opportunity for traditional finance to link arms with the crypto industry in a way that satisfies both caution and ambition.
