XRP News Today: 3iQ's XRP ETF Surpasses $50 Million in Assets in Under a Month

3iQ's XRP ETF has achieved a significant milestone, surpassing $50 million in client assets in just under a month since its official launch. Traded under the tickers XRPQ and XRPQ.U on the Toronto Stock Exchange, the fund has become the largest XRP-focused ETF in Canada. The rapid inflow of assets highlights an important trend, which is the growing demand for regulated exposure to XRP among both institutional and retail investors.

The fund launched on June 18 and quickly positioned itself as a competitive offering in the Canadian market. Pascal St-Jean, President and CEO of 3iQ, pointed to the ETF’s structure as a key factor in its strong early performance. He said the achievement “shows the continuing strong interest in these assets” and reflects how investors are making more selective choices when allocating capital. The ETF's standout feature, a 0% management fee for the first six months, has also been central to its early success. The ETF is also eligible for tax-advantaged accounts in Canada, including TFSA and RRSP, broadening its appeal to a wider segment of investors.

By combining the transparency and accessibility of an exchange-traded fund with zero management fees at launch, this ETF differentiates itself from earlier digital asset products that often came with high costs and limited liquidity. The ETF's success also highlights the growing acceptance of cryptocurrencies as a legitimate asset class. As more investors recognize the potential of digital assets, demand for regulated investment products like ETFs is likely to continue to rise. This trend is particularly evident in Canada, where the regulatory environment is more favorable to cryptocurrency-based ETFs compared to other regions.

The ETF's success also has implications for the broader cryptocurrency market. As more investors gain exposure to XRP through regulated investment products, demand for the cryptocurrency is likely to increase. This, in turn, could drive further price appreciation and adoption of XRP as a medium of exchange and store of value. The ETF's success also highlights the potential for other cryptocurrency-based ETFs to gain traction in the Canadian market, as investors seek out new and innovative ways to gain exposure to digital assets.

The launch of XRPQ comes at a time when market participants are increasingly looking at blockchain-based assets not just for speculative gains, but also for portfolio diversification. Asset managers, including ProShares, Franklin Templeton, Grayscale, and more, have filed with the SEC to introduce spot XRP ETFs, with several key deadlines approaching. While the U.S. lacks a dedicated spot XRP ETF, Canada has taken a leadership position, and the interest shown in 3iQ’s offering proves that investors are willing to engage with spot XRP ETFs. The strong debut of XRPQ could influence how future digital asset ETFs are structured, and may also affect future regulation that makes ETF launches easier.