Just In: Ripple Backed 3iQ XRP ETF Launches in Canada

Ripple-backed 3iQ XRP ETF has launched on the Toronto Stock Exchange (TSX) in North America following the launch of Purpose XRP ETF. The 3iQ XRP ETF is under the ticker symbols XRPQ and XRPQ.U and provides investors with a transparent and cost-effective way to access XRP.

3iQ XRP ETF Launches in Canada

According to a press release, 3iQ XRP ETF has introduced one of the first ETFs in North America to provide direct exposure to XRP. The ETF will be available for investment through registered accounts in Canada, while its TSX listing allows global investors to participate, subject to local regulations.

The introduction of this ETF is a landmark in digital investment in assets. It will provide a cheap, tax-efficient, and transparent way of allowing investors to obtain long-term exposure to XRP.

Portfolio of the ETF will be made of XRP that were bought at registered exchanges of digital assets and through over-the-counter (OTC) counterparties. All holdings will also be kept in cold storage to increase security as the holdings will be well secured. This fund will offer a competitive pricing structure above established digital asset ETFs in the market with the management fee charged being 0% in the initial six months.

Ripple’s Role in the ETF Launch

Ripple, the company behind the XRP Ledger, is an early investor in the 3iQ XRP ETF. Ripple’s involvement is viewed as an endorsement of the ETF and the growing interest in digital assets, particularly XRP.

This XRP ETF launch, follows the introduction of Purpose XRP ETF, which also trades on the TSX, another key player in the Canadian market, offering a similar product for investors.

Pascal St-Jean, President and CEO of 3iQ, remarked,

“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.”

Moreover, the launch of the 3iQ XRP ETF follows the success of 3iQ’s previous digital asset ETF, the 3iQ Solana Staking ETF (TSX: SOLQ). The Solana-focused ETF quickly became the largest of its kind and as of June, the Solana ETF has over $120 million in assets under management.

Ripple ETF Launch in US Odds Hits 90%

The 3iQ XRP ETF comes to a marketplace that is experiencing greater regulatory understanding as to digital assets. This creates a positive setting to investors who want to venture in the cryptocurrency industry.

XRP price, which is the native digital asset of the XRP Ledger, has demonstrated robust growth, climbing from $0.02 in 2015 to over $2.19 as of 2025. The low transaction cost and speed of settlement of XRP has given it favor in several use cases including cross border payment and liquidity management.

Although the ETF is currently listed in Canada, the possibility of a spot XRP ETF being listed in the United States is being discussed. XRP spot ETF proposals are being reviewed by the U.S. Securities and Exchange Commission (SEC) with odds reaching 90% on Polymarket.