🇨🇦 Canada launches 1st XRP ETF in North America — a historic milestone for the crypto asset

The Canadian manager 3iQ Corp launched on Tuesday (18) the first XRP ETF listed in North America. Traded under the codes XRPQ (CAD) and XRPQ.U (USD) on the Toronto Stock Exchange (TSX), the new fund paves the way for investors to access the asset in a regulated, simple, and secure manner — without the need to directly custody the tokens.

📌 ETF Highlights:

• Manager: 3iQ Corp, with over $1 billion in digital assets under management.

• Management fee: 0% for the first six months.

• Liquidity: traded daily on the TSX in CAD and USD.

• Custody: secured by Tetra Trust and Coinbase Custody Trust.

🚀 Implications for XRP

The launch of the ETF represents a significant advancement in the institutionalization of XRP, attracting capital from investors who previously could not (or did not want to) expose themselves directly to the asset via crypto brokers.

Furthermore, the ETF offers:

• Simplified access for institutional and retail investors.

• Transparency and regulation, following Canadian standards.

• Reduction of custody risk, one of the main barriers to institutional adoption.

🌎 Broader Context

This move from Canada comes at a time when the U.S. is still legally discussing the status of XRP in the Ripple vs. SEC case. Meanwhile, the Canadian market is advancing at the forefront, repeating the feat it already had with Bitcoin and Ethereum ETFs before the rest of the world.

It's worth noting that Brazil also already has an XRP ETF listed on B3 since 2022 (XRP11), launched by Hashdex — showcasing a global movement around the legitimacy of the asset.

📈 With the ETF now active, XRP takes another step towards large-scale institutional adoption.

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