Canada has added another XRP exchange-traded fund (ETF) to its growing list of crypto investment vehicles. On June 19, crypto asset manager 3iQ officially launched its new spot XRP ETF — trading under the ticker XRPQ — on the Toronto Stock Exchange (TSX).
XRPQ Launches With 0% Management Fee for Six Months
The 3iQ XRP ETF (TSX: XRPQ) enters the market with no management fee for the first six months, giving early investors a cost-effective gateway to gain exposure to XRP. The ETF is available to Canadian investors through registered accounts and also accessible to qualified global investors, subject to local regulations.
This makes XRPQ one of the most competitive XRP investment products in North America.
Ripple Invests in 3iQ’s XRPQ Vehicle
In a strategic alignment, Ripple — the company behind XRP — is an early investor in 3iQ’s XRP ETF, although the specific investment amount has not been disclosed. This partnership underscores Ripple’s continued push to support institutional adoption of XRP through regulated and accessible investment tools.
“Ripple Labs’ investment support reflects our shared leadership in advancing the digital asset space,” said Pascal St-Jean, CEO of 3iQ.
XRP ETFs Gaining Momentum in Canada
The XRPQ launch follows another major development earlier this week: Purpose Investments debuted its own spot XRP ETF, listed under the ticker XRPP, also on the Toronto Stock Exchange.
This growing momentum confirms Canada’s leadership in offering regulated crypto ETFs, particularly as the U.S. continues to await regulatory clarity on similar products.
Canada now has multiple XRP ETFs available to investors — a significant milestone for altcoin adoption.
3iQ’s Track Record in Crypto ETFs
3iQ is no stranger to firsts in the crypto asset space. The company was:
- The first to list a Bitcoin ETF on the TSX
- The first to launch a publicly traded Ethereum ETF in Canada
By expanding into XRP, 3iQ aims to capture investor interest in alternative digital assets while delivering low-cost, transparent, and secure investment vehicles.
Why This Matters: XRP as an Emerging Institutional Asset
XRP has shown long-term growth potential and is one of the most actively traded digital assets globally. With the launch of XRPQ, investors now have regulated exposure to XRP without needing to manage private wallets or direct custody.
This ETF also offers potential tax efficiency for Canadian investors using registered retirement or tax-free accounts.
“This groundbreaking strategy offers a transparent, low-cost, and secure way to access the XRP opportunity,” said 3iQ’s CEO.
Conclusion: Canada Leads, XRP Steps Closer to Mainstream Adoption
The launch of XRPQ on the TSX marks a turning point for XRP’s institutional journey. With two ETFs now trading on a regulated exchange, XRP is gaining legitimacy among traditional investors—a sign of maturing crypto markets in North America.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss