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3iQ has launched the 3iQ XRP ETF (XRPQ) on the Toronto Stock Exchange, offering Canadian investors regulated, direct exposure to XRP with an initial zero management fee.
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The ETF features cold storage custody and benefits from Ripple’s backing, aiming to expand XRP access for both retail and institutional investors domestically and internationally.
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Pascal St-Jean, CEO of 3iQ, emphasized the fund’s role in providing a transparent, cost-effective, and regulated investment vehicle for XRP in a growing digital asset market.
3iQ launches XRP ETF on TSX with zero fees for six months, backed by Ripple, expanding regulated XRP access for Canadian and global investors.
3iQ’s XRP ETF Debuts on TSX with Zero Management Fee and Secure Custody
Canadian digital asset manager 3iQ has introduced the 3iQ XRP ETF (XRPQ), marking a significant milestone in crypto investment accessibility on the Toronto Stock Exchange. The fund offers long-only exposure to XRP, sourcing assets from regulated exchanges and over-the-counter platforms, with all holdings secured through cold storage solutions to enhance security. Notably, the ETF launches with a promotional six-month 0% management fee, underscoring 3iQ’s commitment to cost-effective crypto investment products. This strategic pricing aims to attract a broad spectrum of investors seeking regulated exposure to one of the largest cryptocurrencies by market capitalization.
Ripple’s Strategic Involvement and Global Investor Access
Ripple, the company behind the XRP cryptocurrency and its underlying ledger technology, is an early investor in the XRPQ ETF, lending credibility and strategic support to the fund. This partnership facilitates broader access to XRP through regulated channels, targeting Canadian registered accounts and qualified international investors, subject to local regulations. Pascal St-Jean, 3iQ’s president and CEO, highlighted XRP’s growth potential over the past decade and the importance of offering a transparent, tax-efficient investment vehicle amid evolving regulatory landscapes. The ETF’s launch aligns with a broader industry trend, as other firms like Purpose Investments and Franklin Templeton pursue similar XRP and Solana ETF products in North America.
3iQ’s Expanding Crypto Product Suite Reinforces Market Position
Building on its pioneering efforts in Canada’s digital asset space, 3iQ has previously launched Bitcoin and Ether funds, alongside a Solana staking ETF that currently manages assets exceeding $120 million. The addition of the XRP ETF complements this growing portfolio, providing investors with diversified exposure to leading cryptocurrencies within a regulated framework. This expansion reflects 3iQ’s strategic focus on delivering innovative, secure, and accessible crypto investment solutions tailored to both retail and institutional clients. The company’s approach emphasizes regulatory compliance and investor protection, critical factors in the maturation of the crypto asset class.
Market Implications and Regulatory Considerations
The introduction of the XRPQ ETF on the TSX represents a notable development in the Canadian crypto market, offering a regulated alternative to direct cryptocurrency purchases. While the fund benefits from Ripple’s endorsement and 3iQ’s established infrastructure, investors remain attentive to ongoing regulatory developments, particularly in the United States where the Securities and Exchange Commission continues to review similar filings. The ETF’s structure aims to mitigate risks associated with custody and compliance, providing a transparent and tax-efficient vehicle that may appeal to investors wary of unregulated exchanges. As regulatory clarity improves, such products could play a pivotal role in mainstream crypto adoption.
Conclusion
The launch of the 3iQ XRP ETF on the Toronto Stock Exchange marks a significant advancement in regulated crypto investment options in Canada. With its initial zero management fee, secure custody arrangements, and Ripple’s backing, the fund offers a compelling entry point for investors seeking exposure to XRP within a compliant framework. As 3iQ continues to expand its digital asset offerings, the XRPQ ETF is poised to enhance market liquidity and investor confidence in cryptocurrency products. This development underscores the growing institutionalization of crypto assets and the increasing demand for transparent, cost-effective investment vehicles.
