Backed by Ripple, the XRPQ fund has launched with 0% administration charges.
3iQ, a Canadian digital asset supervisor, on Wednesday launched certainly one of North America’s first XRP exchange-traded funds (ETFs) on the Toronto Inventory Alternate.
XRP, the native token of digital cost community Ripple, is presently buying and selling at $2.17, up 1% on the day.
The brand new ETF, listed below ticker symbols XRPQ and XRPQ.U, will observe long-term holdings of XRP, in response to a press launch considered by The Defiant.
For the primary six months, XRPQ will cost no administration charges, with all property held in chilly storage, as famous within the launch. The ETF is now out there to Canadian buyers and to certified world members. Ripple is listed as an early investor within the fund.
The launch comes as institutional curiosity in crypto ETFs continues to develop, with buyers demanding regulated and clear platforms to realize entry to digital property like XRP. The primary-ever spot Bitcoin (BTC) ETF launched in Canada in 2021. Since then, most main Bitcoin (BTC) and Ethereum (ETH) ETF launches have occurred in america.
“The launch of XRPQ marks one other milestone in our mission to offer buyers with handy, cost-effective entry to digital property inside a regulated framework,” mentioned Pascal St-Jean, President and CEO of 3iQ, in an announcement.
St-Jean defined that XRP has proven huge development potential over the previous decade, and “this groundbreaking technique gives Canadian and certified world buyers a clear, low-cost and tax-efficient approach to securely entry that chance.”
Earlier this week, Canadian asset supervisor Evolve Funds Group, which manages $7 billion, additionally filed a closing prospectus to launch an XRP ETF on the Toronto Inventory Alternate. The Evolve XRP ETF is now buying and selling below the tickers XRP and XRP.U.
3iQ beforehand launched the Solana Staking ETF (SOLQ) in early 2025 – it has since surpassed $120 million in property below administration (AUM).
The launch of the XRP ETFs additionally follows Ripple’s current launch of its stablecoin, RLUSD, which was accredited by the New York Division of Monetary Providers in December 2024. Up to now, RLUSD has a market capitalization of $415 million, making it the 18th largest stablecoin by market capitalization.
XRP ETFs Await U.S. Approval
The prospect of a U.S.-based XRP ETF stays on maintain because the Securities and Alternate Fee (SEC) continues to overview functions. This comes as Ripple stays locked in a authorized battle with the SEC, which sued the corporate for allegedly failing to register XRP as a safety. Based on the newest submitting, each events requested the courtroom to maintain the enchantment on maintain, with the SEC anticipated to file a standing replace by August 15, 2025.
At the moment, there are pending XRP ETF functions from a number of firms, together with Bitwise, Canary Capital, 21Shares, and CoinShares.
