North America’s Leading XRP ETF Passes Major Milestone

Key Points

1. 3iQ Digital Asset Management's spot XRP-based ETF has exceeded $50 million in assets under management.

2. CEO Pascal St-Jean attributes the ETF's early success to participation from both retail and institutional investors.

3. Canada's ETF market is smaller than the US ($432 billion vs. $10 trillion in assets under management).

4. Several issuers, including Franklin Templeton, Bitwise, and 21Shares, are competing to launch a spot XRP ETF in the US, but none have been approved yet.

5. Polymarket bettors predict an 84% chance of an XRP ETF being approved in the US in 2025, down from 98% previously.