🚨 BREAKING NEWS IN TORONTO! LAUNCH OF ETF $XRP WITH RIPPLE AS STAR INVESTOR! 🚀

📢 Asset manager 3iQ has just launched a new ETF focused on #XRP on the Toronto Stock Exchange (TSX)! 🤯 Under the ticker XRPQ, this ETF offers North American investors direct exposure to the fourth largest cryptocurrency by market capitalization.

But that's not all! The very Ripple, the company behind XRP, is one of the initial investors in the fund! 🤩 To celebrate, the 3iQ team will ring the closing bell at the TSX this afternoon. And to sweeten the deal even further, the ETF will have a management fee of 0% for the first six months! 🤑

XRPQ will invest exclusively in long-term positions of XRP, acquired on reputable exchanges and OTC platforms, and all holdings will be kept in cold storage for maximum security. Pascal St-Jean, president and CEO of 3iQ, states that this launch marks another milestone in their mission to provide convenient and cost-effective access to digital assets within a regulated framework.

This new ETF is available to Canadian investors through registered accounts and to qualified international investors, depending on local regulations. This launch comes at a time of growing institutional interest in exposure to cryptocurrencies, especially in products with regulatory clarity and secure custody structures. Let's remember that 3iQ has already successfully launched Solana Staking ETFs (the largest of its kind), Bitcoin, and Ether in Canada. The XRP ETF market is heating up with this and the recent launch from Purpose Investments, as well as proposals in the U.S. from Franklin Templeton!

🤔Do you think Canada is positioning itself as a leader in institutional adoption of XRP, paving the way for greater global investment and acceptance?

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