The 3iQ XRP ETF, backed by Ripple, was launched on the Toronto Stock Exchange (TSX) in North America following the launch of the Purpose XRP ETF. The 3iQ XRP ETF, with the symbols XRPQ and XRPQ.U, offers investors a transparent and cost-effective way to access XRP.
According to a press release, the 3iQ XRP ETF is one of the first ETFs in North America that provides investors with exposure to XRP. The fund is designed to give investors the opportunity to gain long-term exposure to a digital asset that has experienced significant growth.
Since its introduction in 2015, the price of XRP has increased by more than 10,800%, demonstrating its strong performance over time.
3iQ's decision to launch this ETF allows investors to gain exposure to XRP in a regulated and secure manner. The fund will invest exclusively in long-term holdings of XRP acquired on trusted platforms and over-the-counter (OTC) counterparts. These assets will be fully protected through cold storage, ensuring their security.
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