Backed by Ripple, the XRPQ fund has launched with 0% administration charges.
3iQ, a Canadian digital asset supervisor, on Wednesday launched one in all North America’s first XRP exchange-traded funds (ETFs) on the Toronto Inventory Trade.
XRP, the native token of digital fee community Ripple, is at present buying and selling at $2.17, up 1% on the day.
The brand new ETF, listed underneath ticker symbols XRPQ and XRPQ.U, will observe long-term holdings of XRP, in accordance with a press launch considered by The Defiant.
For the primary six months, XRPQ will cost no administration charges, with all property held in chilly storage, as famous within the launch. The ETF is now out there to Canadian traders and to certified world individuals. Ripple is listed as an early investor within the fund.
The launch comes as institutional curiosity in crypto ETFs continues to develop, with traders demanding regulated and clear platforms to achieve entry to digital property like XRP. The primary-ever spot Bitcoin (BTC) ETF launched in Canada in 2021. Since then, most main Bitcoin (BTC) and Ethereum (ETH) ETF launches have occurred in the USA.
“The launch of XRPQ marks another milestone in our mission to provide investors with convenient, cost-effective access to digital assets within a regulated framework,” stated Pascal St-Jean, President and CEO of 3iQ, in a press release.
St-Jean defined that XRP has proven huge development potential over the previous decade, and “this groundbreaking strategy offers Canadian and qualified global investors a transparent, low-cost and tax-efficient way to securely access that opportunity.”
Earlier this week, Canadian asset supervisor Evolve Funds Group, which manages $7 billion, additionally filed a remaining prospectus to launch an XRP ETF on the Toronto Inventory Trade. The Evolve XRP ETF is now buying and selling underneath the tickers XRP and XRP.U.
3iQ beforehand launched the Solana Staking ETF (SOLQ) in early 2025 – it has since surpassed $120 million in property underneath administration (AUM).
The launch of the XRP ETFs additionally follows Ripple’s current launch of its stablecoin, RLUSD, which was permitted by the New York Division of Monetary Companies in December 2024. Thus far, RLUSD has a market capitalization of $415 million, making it the 18th largest stablecoin by market capitalization.
XRP ETFs Await U.S. Approval
The prospect of a U.S.-based XRP ETF stays on maintain because the Securities and Trade Fee (SEC) continues to overview functions. This comes as Ripple stays locked in a authorized battle with the SEC, which sued the corporate for allegedly failing to register XRP as a safety. In line with the most recent submitting, each events requested the courtroom to maintain the enchantment on maintain, with the SEC anticipated to file a standing replace by August 15, 2025.
Presently, there are pending XRP ETF functions from a number of firms, together with Bitwise, Canary Capital, 21Shares, and CoinShares.
