3iQ Launches XRP ETF on Toronto Stock Exchange with Backing from Ripple
Canadian asset manager 3iQ has launched a new XRP-focused exchange-traded fund (ETF) on the Toronto Stock Exchange (TSX). The 3iQ XRP ETF (ticker: XRPQ) began trading today, offering North American investors direct exposure to XRP, the fourth-largest cryptocurrency by market capitalization.
In a key development, Ripple, the company behind the XRP Ledger, has invested in the fund. To commemorate the launch, 3iQ executives will ring the TSX’s closing bell this afternoon.
The ETF opens with a six-month 0% management fee, and exclusively holds long-term XRP positions sourced from reputable exchanges and over-the-counter (OTC) platforms. All assets will be stored securely in cold wallets, according to 3iQ.
Pascal St-Jean, president and CEO of 3iQ, called the launch “another milestone” in the firm’s effort to offer regulated, low-cost access to digital assets. “XRPQ provides Canadian and eligible international investors with a transparent and tax-efficient route to invest in XRP,” he said.
The move comes amid rising institutional demand for crypto exposure—particularly through compliant, securely managed investment vehicles.
This isn’t 3iQ’s first foray into crypto ETFs. Earlier this year, the company launched the Solana Staking ETF, which has become the largest Solana ETF with over $120 million in assets under management. 3iQ also holds the distinction of launching Canada’s first Bitcoin and Ether funds.