Canadian digital asset manager 3iQ has officially launched its XRP-focused exchange-traded fund (ETF), offering North American investors regulated exposure to one of the world’s leading cryptocurrencies. The 3iQ XRP ETF (XRPQ) began trading today on the Toronto Stock Exchange (TSX), with blockchain company Ripple onboard as an early investor.
To commemorate the launch, the 3iQ team will ring the TSX closing bell later today. In a strategic move to attract institutional interest, the ETF will charge zero management fees for the first six months.
XRPQ will maintain a long-only position in XRP, sourcing its holdings from verified exchanges and over-the-counter platforms. All assets will be stored in secure cold wallets, ensuring institutional-grade custody standards.
Pascal St-Jean, President and CEO of 3iQ, emphasized the importance of the launch:
“The introduction of XRPQ reflects our commitment to expanding investor access to regulated digital asset products in a cost-efficient, secure manner.”
The launch of XRPQ represents a significant step in bridging traditional finance with blockchain-based assets, and positions XRP as a maturing asset class within the broader digital investment landscape.
