The Canadian digital asset investment landscape has taken a significant leap forward with the rapid success of the 3iQ XRP ETF (TSX: XRPQ). Just three days after its debut on the Toronto Stock Exchange, the fund has amassed over CAD$32 million in assets under management (AUM), securing its position as Canada’s largest XRP-focused ETF. This milestone underscores growing institutional and retail investor confidence in regulated crypto investment vehicles.
Backed by 3iQ Corp, a pioneer in institutional-grade digital asset solutions, the XRPQ ETF offers investors indirect exposure to XRP, the fourth-largest cryptocurrency by market capitalization. Unlike unregulated crypto holdings, this ETF provides a secure, compliant, and transparent way to gain market exposure through a traditional stock exchange—making it an attractive option for both novice and experienced investors.
A Strategic Entry into the XRP Market
The launch of XRPQ marks a pivotal moment in North American crypto finance. As one of the first exchange-traded funds in the region to focus on XRP, it fills a critical gap in the market. The fund exclusively holds long-term XRP positions acquired through reputable digital asset trading platforms and over-the-counter (OTC) counterparties, ensuring authenticity and security.
Notably, Ripple, the enterprise blockchain solutions leader, was among the seed investors at launch—highlighting strong industry backing and strategic alignment. Ripple’s involvement reinforces the legitimacy of XRP as a digital asset with real-world utility in cross-border payments and financial infrastructure.
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Competitive Edge: Zero Management Fees for Six Months
One of the key drivers behind XRPQ’s swift adoption is its 0% management fee for the first six months. This aggressive pricing strategy positions the ETF as one of the most cost-effective digital asset investment products available in Canada. Lower fees mean higher net returns for investors—a compelling advantage in a competitive market where expense ratios can significantly impact long-term gains.
This approach mirrors successful tactics used in traditional ETF markets, where fee reductions often trigger rapid asset accumulation. By lowering barriers to entry, 3iQ is democratizing access to high-potential digital assets like XRP.
Building on Past Success: The Solana Staking ETF Precedent
The momentum behind XRPQ is not an isolated event. Earlier in 2025, 3iQ launched the Solana Staking ETF (TSX: SOLQ), which achieved C$90 million in AUM within just two days of trading, becoming Canada’s largest Solana ETF. SkyBridge Capital, a major player in alternative investments, was among its largest initial unitholders.
This repeat success demonstrates 3iQ’s ability to identify high-demand digital assets and deliver well-structured, investor-friendly products. The pattern suggests a growing appetite for staking-enabled and asset-specific ETFs that combine innovation with regulatory compliance.
Security and Accessibility: Designed for Global Investors
Investor protection is at the core of 3iQ’s offering. All underlying XRP holdings for XRPQ are stored in fully secured standalone cold storage, minimizing exposure to cyber threats. This institutional-grade custody solution ensures that digital assets remain safe while still being auditable and transparent.
Canadian registered accounts can invest directly, while the TSX listing opens doors for qualified international investors, subject to local regulations. This global accessibility enhances liquidity and broadens the fund’s investor base—key factors in sustaining long-term growth.
Why XRP? Understanding the Asset Behind the ETF
XRP stands out in the crypto ecosystem for its role in enabling fast, low-cost international money transfers. Unlike proof-of-work cryptocurrencies that consume significant energy, XRP operates on a consensus protocol that settles transactions in seconds with minimal environmental impact.
Financial institutions and payment providers increasingly explore or adopt Ripple’s technology for real-time settlement solutions—fueling demand for XRP as a bridge currency. As global remittance systems modernize, XRP’s utility continues to expand, making it a strategic addition to diversified portfolios.
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Frequently Asked Questions (FAQ)
Q: What is the 3iQ XRP ETF (XRPQ)?
A: It’s an exchange-traded fund listed on the Toronto Stock Exchange that provides indirect exposure to XRP through regulated investment channels. Investors buy shares of the ETF rather than holding XRP directly.
Q: How does XRPQ differ from buying XRP on a crypto exchange?
A: XRPQ offers a regulated, custodied investment product accessible through traditional brokerage accounts. It eliminates the need for self-custody, wallet management, and security risks associated with direct crypto ownership.
Q: Is the 0% management fee permanent?
A: No. The waiver applies only for the first six months after launch. After that period, standard management fees will apply as outlined in the fund’s prospectus.
Q: Can U.S. investors buy XRPQ?
A: Currently, the ETF is not registered for sale in the United States. U.S. persons are restricted from purchasing these securities unless they qualify for an exemption under U.S. securities laws.
Q: How is XRP stored within the ETF?
A: All XRP holdings are kept in standalone cold storage wallets with multi-signature security protocols, ensuring maximum protection against unauthorized access.
Q: Who manages the 3iQ XRP ETF?
A: 3iQ Corp, a leading digital asset manager founded in 2012 and backed by Monex Group since 2024, oversees the fund’s operations and strategy.
Pioneering the Future of Digital Asset Investing
Pascal St-Jean, President and CEO of 3iQ, emphasized the firm’s mission:
“Our XRP ETF’s impressive success after only a few days of trading, similar to what our Solana Staking ETF experienced very shortly after its launch, underscores the benefits we offer to both retail and institutional investors looking to increase exposure to digital assets.”
With a track record of innovation—including launching the world’s first Bitcoin and Ethereum ETPs on a major exchange and integrating staking rewards—3iQ continues to lead Canada’s regulated crypto investment evolution.
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As digital assets become increasingly integrated into mainstream finance, products like XRPQ represent a bridge between traditional markets and blockchain innovation—offering security, transparency, and ease of access without compromising on performance or potential.