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In Canada’s Toronto Stock Exchange, a newcomer today focused on making XRP more accessible for investors. The 3IQ Corp. rolled out his spot -based XRP ETF, trading under the Ticker XRPQ, with an introductory 0% management costs for the first six months.
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Based on reportThis step offers both retail and institutional customers a hands -off way to possess XRP without worrying about private portfolios or non -regulated platforms.
Build trust through custody
According to the announcementXRPQ keeps its XRP coins in cold storage, held for every investor to reduce the chance of a hack.
The fund plans to buy XRP from regulated sources such as surplus desks. That installation reflects what other digital funds do for Bitcoin and Ether.
We are delighted to announce the launch of the 3IQ XRP ETF (TSX: XRPQ, XRPQ.U) – one of the first ETFs in North – America to expose exposure #Xrp.
XRPQ debuts for the first six months with a management costs of 0%, and @Ripple As an early investor in the fund.
“The launch of XRPQ … pic.twitter.com/Me19rlazji
– 3IQ Digital Asset Management (@3IQ_Corp) June 18, 2025
Backing of Ripple
San Francisco’s Ripple has taken an interest in the new fundAccording to reports. The company did not shared how much it has invested, but the support sends a strong message. It shows that Ripple believes in the structure and safety of XRPQ, even after years of uncertainty about XRP in the American courts.
Growth of XRP more than ten years
Data from 2015 to the present show that XRPs price jumped to around 10,700%and today climbing from $ 0.02 to $ 2.16.
That increase underlines why the CEO and President of 3IQ, Pascal ST – Jean, called this ETF “an easy way for Canadians and qualified investors abroad to use the growth of XRP.” He called the last bell of the TSX to mark the launch.
The aim is to join the fight
Reports also reveal that Target investments Own XRP ETF, XRPP were launched on the same day. That makes two place XRP ETFs now available on the same exchange. Both products are aimed at investors a regulated path to XRP, but only time will tell which approach more fans wins.
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Looking ahead to the American approval
According to industrial viewers, more than 10 applications are currently waiting for a place XRP ETF on the US Securities and Exchange Commission. Traders and managers predict that a green light could come by October 2025.
Until that time, American investors will look from the sidelines, while Canada continues to lead in crypto -tetf innovation.
With the debut of XRPQ, 3IQ emphasizes its mission to open digital assets in a regulated way. It is a clear sign that more traditional markets are warming up to crypto.
And with Ripple’s support and a zero fee for six months, this new ETF can attract the attention of anyone who wants XRP exposure without the usual obstacles.
Featured image of Pixabay, graph of TradingView