- The 3IQ XRP ETF (XRPQ) begins. Early investor buying and selling with Ripple on the Toronto Inventory Trade.
- XRPQ retains XRP in chilly storage with out charging an administrative payment for the primary six months.
- Goal Funding and Franklin Templeton may also transfer ahead with the launch of the Spot XRP ETF in Canada and the US
Canadian Digital Asset Supervisor 3IQ has formally launched its 3IQ XRP ETF, a brand new change buying and selling fund that gives direct publicity to XRP. The fund started buying and selling on the Toronto Inventory Trade (TSX) on June 18, 2025 beneath the ticker image XRPQ.
In key developments, 3IQ confirmed in a press launch that Ripple, the corporate behind the XRP ledger, is the fund’s preliminary investor. To mark the occasion, the 3IQ group rang the TSX closing bell. ETFs are open to Canadian traders and certified worldwide traders in accordance with native rules.
3IQ begins XRPQ with a 6-month payment waiver
The XRPQ ETF works with a 0% administration payment for the primary six months. 3IQ stated it holds XRP in chilly storage and solely sources tokens from regulated exchanges and OTC platforms.
The fund invests solely in long-term XRP positions. In accordance with 3IQ, this construction follows the present regulatory framework of asset help funds. Property stay protected offline, decreasing the danger of unauthorized entry.
“We’re happy to announce that we’re dedicated to offering a variety of providers to our clients,” stated Pascal St-Jean, president and CEO of 3IQ.
“The launch of XRPQ marks one other milestone in our mission to supply traders with handy and cost-effective entry to digital property inside a regulated framework.”
XRP ETFs present international entry and regulatory readability
The XRPQ ETF is accessible along with your Canadian registered account. Non-Canadian traders can achieve entry if native guidelines are permitted. The fund targets customers searching for direct publicity to XRP in a regulated format.
3IQ has expertise with different cryptographic ETFs. The corporate additionally launched its Solanas Staking ETF earlier this 12 months. The fund has grown to over $120 million beneath its administration. 3IQ beforehand launched Bitcoin and Etheric funds listed in Canada.
This spot XRP ETF has been added to the 3IQ listing of crypto-related choices at present buying and selling on the Toronto Inventory Trade.
Different XRP ETFs enter the market alongside XRPQ
Goal Funding launched its personal spot XRP ETF in the identical week. Each funds are at present buying and selling on the Toronto Inventory Trade, indicating a major enhance in monetary merchandise centered on Canada’s XRP.
Within the US, the Securities and Trade Fee (SEC) is reviewing new purposes for Spot XRP ETFs. Franklin Templeton has submitted two proposals for funding: the Franklin XRP ETF and the Franklin Solana ETF. If authorized, each shall be listed in CBOE BZX Trade.
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