👀👀 Positive News for XRP Keep Coming! One Step Closer to Spot ETF Approval in the USA! 👀👀

Following the settlement between the SEC and Ripple, the likelihood of XRP ETFs being approved in the USA has increased, while positive developments regarding XRP ETFs are being experienced globally.

In this context, there has been encouraging news from Canada as well. According to Coindesk, Canadian crypto asset manager 3iQ has launched a new XRP ETF with a six-month zero management fee advantage.

This ETF, which will trade under the symbol XRPQ on the Toronto Stock Exchange, provides investors with direct access to XRP, the fourth largest cryptocurrency by market capitalization.

The ETF will present itself to investors with a 0% management fee for the first six months. The statement mentioned that the fund only invests in long-term XRP positions acquired from reputable exchanges and OTC platforms, and all assets are securely stored in cold wallets.

In a statement from 3iQ, it was highlighted that "XRPQ stands out as one of the first exchange-traded funds providing exposure to XRP in North America. It offers the opportunity to invest in XRP, which is the third largest digital asset by market capitalization." 3iQ CEO Pascal St-Jean stated, "XRP has shown significant growth over the past decade. With this innovative strategy, we are providing Canadian and qualified international investors with a secure way to access this opportunity transparently, at low cost, and with tax advantages. Our investment partnership with Ripple Labs reinforces our leadership in the digital asset sector."

3iQ's XRP ETF is set to enter the market along with Purpose Investments' spot XRP ETF (TSX: XRPP), which is expected to start trading within the same week.

Dear friends, please do not hold back your free support. I am trying to bring such news to you instantly. My only request is that if anyone is still not following me, I would appreciate it if you could follow me.