- Canada’s XRP ETF hits $50M milestone in under a month.
- Ripple-backed XRPQ attracts strong institutional interest through the TSX listing.
- 3iQ’s zero-fee XRP fund reshapes digital asset investment landscape.
Canada’s digital asset investment sector recorded a major milestone this month after 3iQ’s XRP ETF crossed $50 million in assets within just 23 days of trading.
According to a post by Pumpius (@pumpius) on X, the fund, listed on the Toronto Stock Exchange under the tickers XRPQ and XRPQ.U, has officially become the largest XRP-focused ETF in the country.
Launched on June 18 by 3iQ Corp, the ETF was introduced with a 0 percent management fee for its first six months. It is designed to offer retail and institutional investors regulated exposure to XRP, the third-largest cryptocurrency by market capitalization, excluding stablecoins.
The strong inflows within a short period underscore growing interest from both individual investors and large financial institutions. XRPQ is also eligible for Canadian retirement accounts, including TFSA and RRSP, increasing its accessibility across investor classes.
Also Read: Ripple CTO Celebrates Ethereum’s $3,000 Comeback, Stays Silent on XRP Pullback
Ripple’s Involvement and Cold Storage Bolster ETF Confidence
The XRPQ ETF, launched by 3iQ, invests exclusively in long-term XRP acquired from reputable digital asset trading platforms and over-the-counter counterparties. Ripple Labs, a blockchain company known for its institutional financial products, participated as one of the ETF’s seed investors.
Pascal St-Jean, President and CEO of 3iQ, stated that investor demand continues to rise for regulated crypto vehicles that offer transparency and lower cost. He highlighted XRPQ’s zero-fee launch and secure storage model as key drivers of its early success.
The ETF’s underlying assets are kept entirely in standalone cold storage, providing an added layer of protection. Its listing on the TSX also enables global access, subject to local investment rules.
Momentum Builds Ahead of Possible U.S. Developments
As noted in the post by Pumpius, the fund’s performance may indicate a broader shift in investor sentiment toward XRP as a long-term asset. There is growing speculation that similar products could emerge in the United States, with major firms such as BlackRock and Fidelity.
ETFs have already transformed institutional access to Bitcoin and Ethereum. XRP’s entry into regulated fund structures may soon unlock similar capital flows.
Conclusion
With $50 million raised in less than a month, 3iQ’s XRP ETF has set a new benchmark in digital asset investment. Its early momentum signals increasing institutional confidence in XRP and highlights a clear trend toward regulated exposure across global markets.
Also Read: Big News: Proshares Ultra XRP and Solana ETF Secures NYSE Arca Approval
