3iQ’s exchange-traded fund for XRP (TSX: XRPQ) has rapidly accumulated over CAD$32 million in assets under management since its recent launch, positioning it as a frontrunner in Canada’s digital asset ETF market. The fund’s performance reflects robust institutional uptake and strategic advantages including a temporary 0% management fee structure.
Industry observers attribute the swift capital inflow to growing demand for regulated XRP investment options at attractive cost, with the fee waiver making it one of North America’s most economical crypto ETFs. Notably, Ripple’s undisclosed early investment in the fund has bolstered market confidence and reinforced ties between the ETF issuer and XRP’s core development entity.
The achievement reinforces 3iQ’s reputation for successful digital asset product launches, exemplified by its Solana Staking ETF (SOLQ) which garnered CAD$90 million within two days after its April 2025 debut. CEO Pascal St-Jean cited the XRP fund’s immediate traction as evidence of accelerating institutional preference for compliant cryptocurrency investment vehicles.
This development underscores a broader market shift toward regulated crypto exposure in traditional finance channels, with specialized products increasingly bridging digital assets and conventional investment portfolios.