Canadian Investors Fuel Record Growth in 3iQ’s Digital Asset ETFs

3iQ’s Solana Staking ETF (SOLQ) and XRP ETF (XRPQ) have set new records in assets under management (AUM), reflecting robust investor demand in Canada’s digital asset market. As of September 2025, SOLQ has surpassed CAD 300 million in AUM, while XRPQ has exceeded CAD 150 million, establishing both as the largest in their respective categories among Canadian peers. These figures highlight the growing acceptance of regulated digital asset investment solutions and underscore 3iQ’s leadership in this rapidly evolving sector.

The success of SOLQ and XRPQ is attributed to strategic partnerships and competitive pricing models. SOLQ, launched in April, received early backing from prominent investment firms such as SkyBridge Capital and ARK Investment Management. ARK’s participation through its ARK Next Generation Internet and ARK Fintech Innovation ETFs marked the first U.S.-listed ETFs to include Solana staking rewards. Additionally, SOLQ’s management fees are currently waived until April 2026, making it an attractive option for investors.

XRPQ, launched in June, gained momentum with a 0% management fee for its initial six months. Ripple, a leader in blockchain and crypto solutions, was among the early investors in the fund. This cost-efficient structure and institutional-grade security features, including cold storage, have helped XRPQ capture significant market share. The ETF’s focus on XRP, one of the most widely traded digital assets globally, has further enhanced its appeal to a broad range of investors.

The rapid growth of these ETFs has been driven by both retail and institutional demand. According to 3iQ President and CEO Pascal St-Jean, the momentum reflects a broader trend of Canadian investors and global digital asset leaders embracing secure, transparent, and regulated access to digital assets. These ETFs are positioned to meet the increasing demand for exposure to high-growth blockchain platforms while offering a secure and compliant investment vehicle.

The performance of SOLQ and XRPQ is also indicative of broader trends in the digital asset market. Solana (SOL) and XRP have both seen positive price movements in recent months, with SOL trading at approximately US$215.77 and XRP at US$2.98 as of September 8, 2025. This growth is supported by increasing institutional adoption and the expansion of blockchain-based financial products. The launch of these ETFs aligns with a broader regulatory shift in the United States, where the SEC and CFTC have permitted registered exchanges to offer spot crypto products, signaling a more open approach to digital asset trading.

3iQ’s leadership in digital asset innovation dates back to its early adoption of Bitcoin and Ethereum ETFs. The company has consistently pioneered new investment strategies, including the integration of staking rewards in its Ethereum and Solana ETPs. In 2024, 3iQ further solidified its market position with a majority stake acquisition by Monex Group, a leading Japanese financial institution. This strategic move has enhanced its global reach and reinforced its commitment to regulated digital asset solutions.

The success of SOLQ and XRPQ demonstrates the potential of ETFs to democratize access to digital assets. By offering structured, regulated investment vehicles, 3iQ has enabled a wide range of investors to participate in the growth of blockchain platforms like Solana and XRP. The competitive advantages of these ETFs, including liquidity, growth potential, and cost efficiency, position them as durable investment options in a market that is expected to continue expanding.