XRP News Today: 3iQ XRP ETF Surpasses $50 Million in Assets in 23 Days

3iQ Digital Asset Management has announced that its XRP ETF has quickly crossed the $50 million mark in assets under management, just 23 days after its June 18 launch. The ETF, Canada’s largest dedicated to XRP, offers early investors a major perk: zero management fees for the first six months.

The fund’s low-cost structure and exposure to XRP, the third-largest cryptocurrency by market cap (excluding stablecoins), have attracted both retail and institutional investors. CEO Pascal St-Jean noted that this rapid growth shows a strong demand for accessible, cost-efficient crypto investment products.

Moreover, with 0% management fees for the first six months, the ETF offers investors rare cost-efficient access to XRP. It holds only long-term XRP sourced from regulated platforms and OTC desks, with all assets stored securely in segregated cold wallets.

Interestingly, Ripple Labs, the company behind XRP, was among the ETF’s seed investors. The assets are held securely in standalone cold storage, providing investors with peace of mind regarding custody.

Beyond its affordability, the ETF is also available through Canadian tax-advantaged accounts, such as the TFSA and RRSP, making it even more attractive to domestic investors. And since it’s listed on the Toronto Stock Exchange, global investors can also access it, subject to local rules.

This isn’t 3iQ’s first success. The company previously launched the Solana Staking ETF, which became North America’s largest Solana ETF. With XRPQ now gaining traction, 3iQ continues to strengthen its leadership in the crypto ETF space.

In short, XRPQ’s quick $50 million milestone is a strong vote of confidence in XRP and a sign that investors are warming up to digital asset ETFs that combine low fees, security, and regulatory clarity.

3iQ’s XRP ETF, trading under the symbols XRPQ and XRPQ.U on the Toronto Stock Exchange, is Canada’s first and largest ETF dedicated solely to XRP, the third-largest cryptocurrency by market cap (excluding stablecoins). It offers direct exposure to XRP with institutional-grade custody and regulatory clarity.

3iQ launched XRPQ to meet growing investor demand for a cost-efficient, regulated, and secure way to gain exposure to XRP. It provides access through tax-advantaged accounts like TFSA and RRSP in Canada and appeals to both retail and institutional investors.

As of just 23 days post-launch, 3iQ’s XRP ETF has already surpassed $50 million in assets under management, making it the fastest-growing XRP ETF in Canada.

The ETF is listed on the Toronto Stock Exchange under the tickers XRPQ (CAD) and XRPQ.U (USD). Canadian residents can buy it through most brokerage platforms and hold it in registered accounts like TFSA or RRSP.