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3iQ Launches XRP ETF on TSX

3iQ, a Canadian asset management firm, has introduced a new XRP-focused ETF, the 3iQ XRP ETF (XRPQ), which commenced trading on the Toronto Stock Exchange (TSX) today.

This ETF provides investors with direct access to XRP, the fourth-largest cryptocurrency by market capitalization. Ripple, the company behind XRP, is an early investor in this fund.

To celebrate the launch, the 3iQ team will ring the TSX closing bell. The ETF features a six-month management fee of 0% and exclusively invests in long-term XRP positions sourced from reputable exchanges and OTC platforms, with all assets stored in cold storage. Pascal St-Jean, 3iQ's president and CEO, emphasized that this launch represents a significant step in offering investors regulated and cost-effective access to digital assets.

The ETF is available to Canadian investors and qualified international investors, reflecting the growing institutional interest in cryptocurrencies, particularly those with clear regulatory frameworks.

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