3iQ Digital Asset Management has announced a significant breakthrough with the launch of its 3iQ XRP ETF (Ticker: $XRPQ) on the Toronto Stock Exchange. In just three trading days, the fund has already attracted C$32 million in assets under management (AUM), establishing itself as the largest XRP-focused exchange-traded fund in Canada.
This milestone highlights growing investor demand for regulated exposure to XRP, one of the world’s most recognized digital assets.
XRPQ: Breaking New Ground in North America
The 3iQ XRP ETF is among the first of its kind in North America, offering investors indirect access to XRP in a regulated, exchange-listed format. By structuring the product as a traditional ETF, 3iQ eliminates the challenges commonly associated with holding digital assets, such as custody, wallet management, and exchange risk, making it more accessible to both institutional and retail investors.
We are pleased to announce that after just three days of trading on the Toronto Stock Exchange (TSX), the 3iQ XRP ETF (Ticker: $XRPQ) has accumulated C$32 million in assets under management, making it the largest exchange-traded fund focused on #XRP in Canada.
XRPQ is one of the… pic.twitter.com/o6wX7jREqZ
— 3iQ Digital Asset Management (@3iq_corp) June 23, 2025
To further enhance its appeal, 3iQ is offering the fund with a 0% management fee for the first six months. This competitive pricing structure has undoubtedly contributed to the strong inflow of capital.
Pascal St-Jean, President and CEO of 3iQ, commented on the success: “Our XRP ETF’s impressive success after only a few days of trading, similar to what our Solana Staking ETF experienced very shortly after its launch, underscores the benefits we offer to both retail and institutional investors looking to increase exposure to digital assets.”
Canada Leads as U.S. XRP ETF Applications Stall
XRPQ’s early success also reflects Canada’s progressive stance on digital asset regulation, especially compared to the regulatory environment in the United States. While Canada has embraced a broad range of crypto ETFs beyond Bitcoin and Ethereum, the U.S. Securities and Exchange Commission (SEC) has yet to approve any XRP-based ETFs.
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Several asset managers, including Bitwise, have either applied for or expressed interest in launching spot XRP ETFs in the U.S. However, these applications remain in limbo amid continued regulatory uncertainty.
In contrast, Canadian regulators have taken a more open approach, enabling 3iQ to gain a crucial first-mover advantage. This regulatory clarity has allowed the firm to launch XRPQ at a time when demand for digital asset exposure is steadily increasing across global markets.
A Gateway to Institutional-Grade XRP Exposure
XRP’s value proposition, such as fast, low-cost, cross-border transactions, has long made it attractive to investors looking beyond Bitcoin and Ethereum. The launch of XRPQ taps into this growing interest while providing a secure, professionally managed avenue for exposure. With C$32 million in AUM achieved within days, the fund is already signaling strong market conviction.
As 3iQ continues to pioneer innovative digital asset products, the success of its XRP ETF could pave the way for further XRP-focused financial instruments in other jurisdictions. For now, XRPQ stands as a landmark achievement, offering investors a powerful, regulated gateway into one of the most utility-driven assets in the crypto space.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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