XRP News Today: 3iQ Launches XRP ETF on Toronto Stock Exchange with Zero Management Fee

3iQ, a prominent digital asset manager, has launched the 3iQ XRP ETF (XRPQ) on the Toronto Stock Exchange, providing Canadian investors with a regulated and direct way to gain exposure to XRP. The ETF is notable for its initial zero management fee for the first six months, making it an attractive option for both retail and institutional investors. The fund sources its assets from regulated exchanges and over-the-counter platforms, with all holdings secured through cold storage solutions to ensure maximum security.

Ripple, the company behind the XRP cryptocurrency, is an early investor in the XRPQ ETF, adding credibility and strategic support to the fund. This partnership aims to broaden access to XRP through regulated channels, targeting Canadian registered accounts and qualified international investors, subject to local regulations. Pascal St-Jean, 3iQ’s president and CEO, emphasized the growth potential of XRP and the importance of offering a transparent, tax-efficient investment vehicle in an evolving regulatory landscape. The launch of the XRPQ ETF aligns with a broader industry trend, as other firms also pursue similar crypto ETF products in North America.

3iQ has a history of pioneering efforts in Canada’s digital asset space, having previously launched Bitcoin and Ether funds, as well as a Solana staking ETF that currently manages assets exceeding $120 million. The addition of the XRP ETF complements this growing portfolio, providing investors with diversified exposure to leading cryptocurrencies within a regulated framework. This expansion reflects 3iQ’s strategic focus on delivering innovative, secure, and accessible crypto investment solutions tailored to both retail and institutional clients. The company’s approach emphasizes regulatory compliance and investor protection, critical factors in the maturation of the crypto asset class.

The introduction of the XRPQ ETF on the TSX represents a notable development in the Canadian crypto market, offering a regulated alternative to direct cryptocurrency purchases. While the fund benefits from Ripple’s endorsement and 3iQ’s established infrastructure, investors remain attentive to ongoing regulatory developments, particularly in the United States where the Securities and Exchange Commission continues to review similar filings. The ETF’s structure aims to mitigate risks associated with custody and compliance, providing a transparent and tax-efficient vehicle that may appeal to investors wary of unregulated exchanges. As regulatory clarity improves, such products could play a pivotal role in mainstream crypto adoption.

The launch of the 3iQ XRP ETF on the Toronto Stock Exchange marks a significant advancement in regulated crypto investment options in Canada. With its initial zero management fee, secure custody arrangements, and Ripple’s backing, the fund offers a compelling entry point for investors seeking exposure to XRP within a compliant framework. As 3iQ continues to expand its digital asset offerings, the XRPQ ETF is poised to enhance market liquidity and investor confidence in cryptocurrency products. This development underscores the growing institutionalization of crypto assets and the increasing demand for transparent, cost-effective investment vehicles.