According to Cointelegraph, Canadian asset management company 3iQ has launched an ETF focused on XRP, named 3iQ XRP ETF (XRPQ), which began trading today on the Toronto Stock Exchange. Ripple is an early investor in the fund.
The management fee for the XRPQ ETF is 0% for six months, investing in long-term XRP positions, with all holdings stored in cold wallets. 3iQ President and CEO Pascal St-Jean stated that the ETF provides a convenient and low-cost investment opportunity in digital assets.
XRPQ is open to Canadian investors and is available to qualified international investors under local regulations. Earlier this year, 3iQ also launched the Solana Staking ETF, becoming the largest Solana ETF in North America.
Purpose Investments has also launched its spot XRP ETF, which debuted alongside 3iQ's latest product. The U.S. Securities and Exchange Commission is currently soliciting public comments on two ETFs proposed by Franklin Templeton, including the Franklin XRP ETF and the Franklin Solana ETF.
