20 June 2025 | Friday | News
Picture Courtesy | Public Domain
3iQ Corp. ("3iQ"), a global pioneer in digital asset investment solutions, is pleased to announce the launch of the 3iQ XRP ETF , which begins trading on the Toronto Stock Exchange (TSX). The 3iQ team will ring the closing bell this afternoon on the TSX floor to commemorate this historic launch. XRPQ is one of the first exchange-traded fund (ETF) in North America to provide investors with exposure to XRP, the third-largest digital asset by market capitalization.
Ripple, the leader in enterprise blockchain and crypto solutions, is an early investor in the fund. 3iQ's new ETF enables investors to gain long-term exposure to XRP in a transparent and cost-effective way.
XRPQ debuts with a 0% management fee for the first six months, placing it among the most competitively priced digital asset ETFs. It will invest only in long-term holdings of XRP purchased from reputable digital asset trading platforms and over-the-counter (OTC) counterparties. The underlying assets will be fully secured in standalone cold storage. XRPQ is available for investment through registered accounts in Canada, and its TSX listing enables access for qualified investors globally, subject to local regulations.
"The launch of XRPQ marks another milestone in our mission to provide investors with convenient, cost-effective access to digital assets within a regulated framework," said Pascal St-Jean, President and CEO of 3iQ. "XRP has demonstrated significant growth potential over the past decade, and this groundbreaking strategy offers Canadian and qualified global investors a transparent, low-cost and tax-efficient way to securely access that opportunity. Ripple Labs' investment support reflects our shared leadership in advancing the digital asset space."
Fintech Business Asia, a business of FinTech Business Review
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