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Canada’s Toronto Inventory Alternate at the moment noticed a brand new entrant aimed toward making XRP extra accessible to traders. The 3iQ Corp. rolled out its spot-based XRP ETF, buying and selling below the ticker XRPQ, with an introductory 0% administration payment for the primary six months.
Associated Studying
Primarily based on reports, this transfer affords each retail and institutional shoppers a arms‑off option to personal XRP with out worrying about non-public wallets or unregulated platforms.
Constructing Belief Via Custody
In accordance with the announcement, XRPQ will maintain its XRP cash in chilly storage, saved separate for every investor to chop down the possibility of a hack.
The fund plans to purchase XRP from regulated sources like over‑the‑counter desks. That setup mirrors what different digital‑asset funds do for Bitcoin and Ether.
We’re excited to announce the launch of the 3iQ XRP ETF (TSX: XRPQ, XRPQ.U) — one of many first ETFs in North America to offer publicity to #XRP.
XRPQ debuts with a 0% administration payment for the primary six months, and @Ripple as an early investor within the fund.
“The launch of XRPQ… pic.twitter.com/me19RLAzJI
— 3iQ Digital Asset Administration (@3iq_corp) June 18, 2025
Backing From Ripple
San Francisco’s Ripple has taken a stake within the new fund, in accordance with reviews. The corporate didn’t share how a lot it invested, however its help sends a powerful message. It exhibits Ripple believes in XRPQ’s construction and safety, even after years of uncertainty about XRP within the US courts.
Progress Of XRP Over A Decade
Knowledge from 2015 to now exhibits that XRP’s price jumped to round 10,700%, climbing from $0.02 again then to $2.16 at the moment.
That surge underscores why 3iQ’s CEO and President, Pascal St‑Jean, referred to as this ETF “a simple manner for Canadians and certified traders abroad to faucet into XRP’s development.” He rang the TSX’s closing bell to mark the launch.
Function Joins The Fray
Studies additionally disclose that Purpose Investments launched its personal XRP ETF, XRPP, on the identical day. That makes two spot XRP ETFs now out there on the identical trade. Each merchandise purpose to provide traders a regulated path to XRP, however solely time will inform which method wins extra followers.
Associated Studying
Trying Forward To US Approval
In accordance with trade watchers, over 10 functions for a spot XRP ETF are at present ready on the US Securities and Alternate Fee. Merchants and managers predict a inexperienced mild might come by October 2025.
Till then, US traders will likely be watching from the sidelines, whereas Canada continues to steer in crypto‑ETF innovation.
With XRPQ’s debut, 3iQ highlights its mission of opening up digital property in a regulated manner. It’s a transparent signal that extra conventional markets are warming as much as crypto.
And with Ripple’s backing and a zero‑payment for half a yr, this new ETF might draw consideration from anybody who desires XRP publicity with out the same old hurdles.
Featured picture from Pixabay, chart from TradingView
