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Canada’s 3IQ XRP ETF Crosses $50M AUM in Less Than a Month Since Launch

2025-07-15 08:48:25

Canada’s 3IQ XRP ETF Crosses $50M AUM in Less Than a Month Since Launch

Main Idea

Canada’s 3IQ XRP ETF has surpassed $50 million in assets under management within a month of its launch, reflecting strong institutional interest in XRP and the growing acceptance of cryptocurrency investment vehicles.

Key Points

1. 3IQ’s XRP ETF (XRPQ and XRPQ.U) exceeded $50 million in AUM shortly after its launch on the Toronto Stock Exchange.

2. The ETF is among North America’s first publicly traded XRP investment vehicles, offering direct exposure to XRP sourced from regulated platforms.

3. Bloomberg analysts estimate a 95% chance of an XRP spot ETF approval in the US, signaling potential regulatory shifts.

4. Ripple directly invested in the ETF, which initially offered a six-month 0% management fee to attract investors.

5. Institutional interest in XRP is growing, as evidenced by VivoPower’s $121 million investment in XRP as a strategic reserve.

Description

Canada’s largest XRP-focused exchange-traded fund (ETF), managed by 3IQ, has rapidly surpassed $50 million in assets under management just weeks after its June 18 debut. Key Takeaways: 3IQ’s XRP ETF surpassed $50 million in assets within weeks. The ETF is among North America’s first publicly traded XRP vehicles. Bloomberg analysts now place the odds of an XRP spot ETF approval in the US at 95% The fund, listed as XRPQ and XRPQ.U on the Toronto Stock Exchange, is attracting investors with its zer...

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