Solana And XRP ETFs Smash New Records In Canada | XRP News
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Canada’s latest altcoin exchange-traded funds have raced to class management, with the Solana-focused SOLQ crossing C$300 million in belongings underneath management (AUM) and the XRP-focused XRPQ topping C$150 million, in response to a Tuesday announcement. The issuer stated each funds now maintain the biggest AUM of their respective classes amongst Canadian friends, underscoring a sharp acceleration in institutional and retail demand for regulated publicity to Solana and XRP.
Investor Demand Surges For 3iQ’s SOL And XRP ETFs
SOLQ, a Toronto Stock Exchange–listed Solana staking ETF that debuted in April, benefited from marquee early allocations. The firm disclosed a lead investment from SkyBridge Capital and extra commitments from ARK Invest, which purchased SOLQ by means of its ARKW and ARKF ETFs—strikes it touted as the primary US-listed ETFs to gain publicity to Solana and its staking rewards through a Canadian vehicle. Management charges on SOLQ stay waived till April 2026, the issuer added.
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XRPQ launched in June and, with a 0% management price for its first six months, has shortly scaled to more than C$150 million AUM; the Toronto Stock Exchange’s new-issuer log reveals the product coming to market on June 18, 2025. The issuer stated Ripple participated as an early investor.
“The momentum behind SOLQ and XRPQ demonstrates that Canadian investors and global leaders in the digital asset space are embracing secure, transparent, and regulated access to digital assets,” stated Pascal St-Jean, the issuer’s president and CEO. “As the market leaders, these ETFs exemplify [our] commitment to meeting investor demand while setting a benchmark for innovation in the global market.”
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The rise of these funds comes amid a broader wave of Canadian altcoin ETF launches this yr. Multiple issuers have launched spot Solana merchandise—some with staking options and introductory price waivers—whereas the home XRP lineup has additionally expanded, creating a aggressive subject in opposition to which SOLQ and XRPQ now declare the AUM crown.
Institutional signaling has been a secondary driver. ARK’s buy framed SOLQ as a vehicle for capturing each SOL price efficiency and on-chain staking economics in a regulated wrapper. “Solana represents a high-performance blockchain infrastructure with significant potential for decentralized applications and finance,” ARK’s Cathie Wood stated when confirming the investment earlier this yr.
Contextually, Canada stays a first mover on listed crypto exposures past bitcoin and ether. In the United States, traders solely lately gained a Solana ETF with staking economics through the REX-Osprey SSK product, whereas a number of US spot XRP ETF filings await regulatory choices later in 2025—developments that help clarify the cross-border curiosity in Canadian listings within the interim. A SSK-style Dogecoin ETF by REX-Osprey is set to launch this Thursday.
At press time, XRP traded at $2.955.
Featured image created with DALL.E, chart from TradingView.com
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