Toronto, June 18, 2025 — Canadian digital asset manager 3iQ has officially launched a new XRP-focused exchange-traded fund (ETF), XRPQ, on the Toronto Stock Exchange (TSX). The move marks another milestone in the growing institutional adoption of XRP and expands investor access to regulated crypto products in North America.

The XRPQ ETF offers direct exposure to XRP, the fourth-largest cryptocurrency by market cap, and will operate with zero management fees for the first six months. According to 3iQ, the fund sources XRP exclusively from regulated exchanges and OTC platforms, with all assets held in cold storage for enhanced security.

“XRP has demonstrated significant growth potential over the past decade,” said Pascal St-Jean, President and CEO of 3iQ. “This groundbreaking strategy offers Canadian and qualified global investors a transparent, low-cost, and tax-efficient way to securely access that opportunity”.

Notably, Ripple Labs, the company behind the XRP Ledger, is an early investor in the fund—signaling strong alignment between the protocol’s creators and institutional finance.

The launch comes amid a wave of XRP ETF activity. Earlier this week, Purpose Investments also began trading its own spot XRP ETF under the ticker XRPP, making Canada a hotbed for regulated XRP exposure.

3iQ is no stranger to crypto innovation. It was the first Canadian firm to list both Bitcoin and Ether funds on the TSX, and recently launched a Solana Staking ETF, which has already surpassed $120 million in assets under management.

As the global appetite for regulated crypto products grows, XRPQ’s debut could signal a broader shift toward mainstream adoption of altcoin ETFs—especially in jurisdictions where regulatory clarity is advancing faster than in the U.S.