Canadian Asset Manager 3IQ has launched an XRP-oriented Exchange-Traded Fund (ETF) on the Toronto Stock Exchange (TSX) under the XRPQ Ticker.
According to one June 18 racking, XRPQ offers investors a distance of six months on management costs and only holds long -term positions on the digital active. These assets come from renowned exchanges and freely available (OTC) platforms and custody is protected by cold storage.
3IQ stated that Ripple, the blockchain company that is connected to the token and the XRP whides (XRPL), is an early backer of the fund.
Pascal St-Jean, President and CEO of 3IQ, said:
“In the past decade, XRP has shown considerably growth potential and this groundbreaking strategy offers Canadian and qualified global investors a transparent, cheap and tax efficient way to safely open that opportunity.”
XRPQ is available for Canadian investors via registered accounts. The asset manager added that eligible worldwide investors can also participate, depending on regional rules.
This launch follows a similar step through target investments, which debuted his own XRP ETF earlier this week.
XRP -Grootbook activity Spikes
The timing of the launch of XRPQ corresponds to a remarkable increase in the XRP network activity.
Data from Santiment shows that active addresses on the XRP whides have risen from an average of three months from 40,000 to 295,000, the highest level that was seen in 2025.
The company also noted that the number of portfolios with more than 1 million XRP has reached a record 2,700. This group now has at least $ 2.25 million in XRP each, which points to rising interest rates from large investors and institutions.
This improved network activity can be linked to the increasing acceptance of the blockchain network by various Stablecoin projects, such as Circle’s USD Coin (USDC).
Moreover, growth can also be linked to developments in the long -term legal battle between the US Securities and Exchange Commission (SEC) and Ripple.
On June 17, the crypto-oriented company submitted An additional letter to assessment Analisa Torres in his bid for an indicative decision.
In the letter, Ripple tried to resolve a statement from the past that ordered a fine of $ 125 million.
The company emphasized that this step did not dispute the findings of the court. Instead, it is intended to efficiently complete the procedure and to respect the securities laws. It also said that it is committed to full compliance and supports a resolution that reduces the appeal to the professional process.