3iQ’s new XRP ETF, backed by Ripple, begins trading on the Toronto Stock Exchange with zero management fees for the first six months.
Canadian asset manager 3iQ launched a new XRP-focused ETF for North American users. The 3iQ XRP ETF (XRPQ) began trading today on the Toronto Stock Exchange (TSX), offering investors direct exposure to the fourth-largest digital asset by market cap.
Ripple, the blockchain company behind the XRP Ledger and the XRP (XRP) cryptocurrency, is an early investor in the fund, 3iQ said in a Wednesday announcement. To mark the occasion, the 3iQ team will ring the TSX’s closing bell this afternoon.
The ETF debuts with a six-month 0% management fee. It invests exclusively in long-term XRP positions acquired from reputable exchanges and OTC platforms, with all holdings kept in cold storage, per the announcement.
“The launch of XRPQ marks another milestone in our mission to provide investors with convenient, cost-effective access to digital assets within a regulated framework,” said Pascal St-Jean, president and CEO of 3iQ.
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New XRP ETF available to global investors
XRPQ is available to Canadian investors through registered accounts and is accessible to qualified international investors, depending on local rules.
“XRP has demonstrated significant growth potential over the past decade, and this groundbreaking strategy offers Canadian and qualified global investors a transparent, low-cost and tax-efficient way to securely access that opportunity,” St-Jean added.
The launch comes as institutional appetite for crypto exposure continues to grow, particularly in products with regulatory clarity and secure custody structures.
Earlier this year, 3iQ launched the Solana Staking ETF. According to the company, the fund is now the largest Solana (SOL) ETF, with over $120 million in assets under management. 3iQ was also the first to launch Bitcoin (BTC) and Ether (ETH) funds in the North American country.
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More XRP funds hit markets
3iQ’s latest ETF arrives alongside another XRP-focused launch from Purpose Investments, which also began trading its spot XRP ETF this week.
The US Securities and Exchange Commission has opened a public comment period for two proposed ETFs from Franklin Templeton, including the Franklin XRP ETF and the Franklin Solana ETF, both aiming to list on the Cboe BZX Exchange.
Although Bitcoin and Ether ETFs have already been approved, firms are now competing to launch the first spot ETFs for other major tokens, including XRP and Solana.
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