Ripple-Backed ETF Launches In Canada | XRP News
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Canada’s Toronto Stock Exchange right this moment noticed a new entrant aimed toward making XRP more accessible to buyers. The 3iQ Corp. rolled out its spot-based XRP ETF, trading beneath the ticker XRPQ, with an introductory 0% management charge for the primary six months.
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Based on stories, this transfer presents each retail and institutional shoppers a arms‑off approach to own XRP with out worrying about non-public wallets or unregulated platforms.
Building Trust Through Custody
According to the announcement, XRPQ will maintain its XRP cash in cold storage, saved separate for every investor to cut down the prospect of a hack.
The fund plans to buy XRP from regulated sources like over‑the‑counter desks. That setup mirrors what different digital‑asset funds do for Bitcoin and Ether.
We are excited to announce the launch of the 3iQ XRP ETF (TSX: XRPQ, XRPQ.U) — one of the primary ETFs in North America to supply publicity to #XRP.
XRPQ debuts with a 0% management charge for the primary six months, and @Ripple as an early investor within the fund.
“The launch of XRPQ… pic.twitter.com/me19RLAzJI
— 3iQ Digital Asset Management (@3iq_corp) June 18, 2025
Backing From Ripple
San Francisco’s Ripple has taken a stake within the new fund, in accordance with stories. The company didn’t share how a lot it invested, however its help sends a sturdy message. It exhibits Ripple believes in XRPQ’s construction and security, even after years of uncertainty about XRP within the US courts.
Growth Of XRP Over A Decade
Data from 2015 to now exhibits that XRP’s price jumped to round 10,700%, climbing from $0.02 back then to $2.16 right this moment.
That surge underscores why 3iQ’s CEO and President, Pascal St‑Jean, known as this ETF “an easy way for Canadians and qualified investors overseas to tap into XRP’s growth.” He rang the TSX’s closing bell to mark the launch.
Purpose Joins The Fray
Reports additionally disclose that Purpose Investments launched its own XRP ETF, XRPP, on the identical day. That makes two spot XRP ETFs now out there on the identical exchange. Both merchandise goal to offer buyers a regulated path to XRP, however solely time will inform which strategy wins more followers.
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Looking Ahead To US Approval
According to industry watchers, over 10 purposes for a spot XRP ETF are at the moment ready on the US Securities and Exchange Commission. Traders and managers predict a inexperienced gentle might come by October 2025.
Until then, US buyers might be watching from the sidelines, whereas Canada continues to steer in crypto‑ETF innovation.
With XRPQ’s debut, 3iQ highlights its mission of opening up digital property in a regulated approach. It’s a clear signal that more conventional markets are warming up to crypto.
And with Ripple’s backing and a zero‑charge for half a yr, this new ETF might draw consideration from anybody who desires XRP publicity with out the standard hurdles.
Featured image from Pixabay, chart from TradingView
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