Launching the First Spot XRP ETF in Canada and Globally
3iQ has launched the first XRP spot ETF that can be traded directly on the Toronto Stock Exchange (TSX), namely TSX: XRPQ and XRPQ.U. This product provides a legitimate, accessible investment opportunity for global investors. Fully regulated, XRPQ opens a new door to owning Ripple blockchain-based cryptocurrencies.
3iQ CEO Pascal St-Jean said the launch of XRPQ marks a major step forward in the company’s commitment to providing convenient, low-cost investment solutions within a clear regulatory framework. The transaction enables investors to capitalize on Ripple’s exponential growth potential in the global cryptocurrency market.
XRPQ Content and Highlights
XRPQ launches with no management fees for the first 6 months, focusing on long-term investments from reputable exchanges and OTC partners. This product is only available to accounts registered in Canada, with global access depending on country regulations. Hit in separate cold storage, XRP is securely stored, minimizing security risks.
XRPQ allows investors to access Ripple's large potential market, while providing an investment solution within a favorable legal and tax framework. The global market is increasingly interested in Ripple, especially with its ability to process transactions quickly, with low fees, in just 3-5 seconds, at a cost of less than % of a cent.
Many large-scale cryptocurrency products in Canada
Purpose Investments' XRP ETF Approved by OSC
Purpose Investments has received final approval for its XRP ETF, which is expected to trade on the TSX from June 18, 2025 under the symbol XRPP. This product opens up additional opportunities for XRP exposure within the traditional investment fund regulatory framework. Units include CAD-hedged, CAD-non-hedged, and US dollars, suitable for accounts such as TFSAs, RRSPs.
Vlad Tasevski, Chief Innovation Officer at Purpose, emphasized that this approval reinforces Canada’s leadership in advancing global crypto regulation. Purpose launched a spot Bitcoin ETF in 2021, pioneering the market.
XRP ETF Benefits from Global Investors
With the growing interest of large institutions, XRP is now becoming a safe, transparent way to fit the investment trend within the legal framework. Investors can easily own XRP through ETFs, minimizing challenges such as cold wallet management and complicated legal issues.
“This launch is an important step forward in our efforts to become a trusted and leading partner in the cryptocurrency space, helping investors understand, access and invest with confidence.”
-Vlad Tasevski, Director of Innovation
XRP continues to demonstrate its role in real-world applications such as cross-border remittances, liquidity management, and potential blockchain development. XRP ETF products are not only suitable for individual investors but also an optimal solution for institutional investors, promoting the scalability of the cryptocurrency market in Canada.
Source: https://tintucbitcoin.com/xrp-etf-chinh-thuc-ra-mat-toronto/
Thank you for reading this article!
Please Like, Comment and Follow TinTucBitcoin to stay updated with the latest news about the cryptocurrency market and not miss any important information!
