Canada’s Largest XRP ETF Hits Big Numbers Within First Month
2025-07-15 05:53:19
Main Idea
Canada's largest XRP ETF, launched by 3iQ, has surpassed $50 million in client assets within its first month, becoming a significant player in the market and highlighting growing interest in XRP-focused investment products.
Key Points
1. 3iQ's XRP ETF, traded under XRPQ and XRPQ.U on the Toronto Stock Exchange, surpassed $50 million in client assets within its first month.
2. The ETF offers regulated exposure to XRP for both institutional and retail investors and is eligible for tax-advantaged accounts in Canada, including TFSA and RRSP.
3. The fund differentiates itself with zero management fees at launch, combining transparency and accessibility.
4. The U.S. is seeing increased activity for XRP-related ETFs, with firms like ProShares, Franklin Templeton, and Grayscale filing with the SEC, though no dedicated spot XRP ETF exists yet.
5. Canada's early success with XRPQ may influence future ETF launches and regulatory approaches in other markets.
Description
In just under a month since its official launch, 3iQ’s XRP ETF has achieved a major milestone, surpassing $50 million in client assets. Traded under the tickers XRPQ and XRPQ.U on the Toronto Stock Exchange, the fund has become the largest XRP-focused ETF in Canada. The fund launched on June 18 and quickly positioned itself as a competitive offering in the Canadian market. The rapid inflow of assets highlights an important trend, which is the growing demand for regulated exposure to XRP among bo...
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