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Canada’s Toronto Inventory Trade at the moment noticed a brand new entrant geared toward making XRP extra accessible to traders. The 3iQ Corp. rolled out its spot-based XRP ETF, buying and selling underneath the ticker XRPQ, with an introductory 0% administration charge for the primary six months.
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Based mostly on experiences, this transfer gives each retail and institutional shoppers a fingers‑off approach to personal XRP with out worrying about non-public wallets or unregulated platforms.
Constructing Belief By means of Custody
In keeping with the announcement, XRPQ will maintain its XRP cash in chilly storage, saved separate for every investor to chop down the prospect of a hack.
The fund plans to purchase XRP from regulated sources like over‑the‑counter desks. That setup mirrors what different digital‑asset funds do for Bitcoin and Ether.
We’re excited to announce the launch of the 3iQ XRP ETF (TSX: XRPQ, XRPQ.U) — one of many first ETFs in North America to offer publicity to #XRP.
XRPQ debuts with a 0% administration charge for the primary six months, and @Ripple as an early investor within the fund.
“The launch of XRPQ… pic.twitter.com/me19RLAzJI
— 3iQ Digital Asset Administration (@3iq_corp) June 18, 2025
Backing From Ripple
San Francisco’s Ripple has taken a stake within the new fund, in line with experiences. The corporate didn’t share how a lot it invested, however its help sends a robust message. It reveals Ripple believes in XRPQ’s construction and safety, even after years of uncertainty about XRP within the US courts.
Progress Of XRP Over A Decade
Information from 2015 to now reveals that XRP’s value jumped to round 10,700%, climbing from $0.02 again then to $2.16 at the moment.
That surge underscores why 3iQ’s CEO and President, Pascal St‑Jean, known as this ETF “a simple manner for Canadians and certified traders abroad to faucet into XRP’s development.” He rang the TSX’s closing bell to mark the launch.
Function Joins The Fray
Experiences additionally disclose that Function Investments launched its personal XRP ETF, XRPP, on the identical day. That makes two spot XRP ETFs now out there on the identical change. Each merchandise goal to present traders a regulated path to XRP, however solely time will inform which method wins extra followers.
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Wanting Forward To US Approval
In keeping with business watchers, over 10 functions for a spot XRP ETF are presently ready on the US Securities and Trade Fee. Merchants and managers predict a inexperienced mild may come by October 2025.
Till then, US traders can be watching from the sidelines, whereas Canada continues to steer in crypto‑ETF innovation.
With XRPQ’s debut, 3iQ highlights its mission of opening up digital belongings in a regulated manner. It’s a transparent signal that extra conventional markets are warming as much as crypto.
And with Ripple’s backing and a zero‑charge for half a yr, this new ETF may draw consideration from anybody who needs XRP publicity with out the standard hurdles.
Featured picture from Pixabay, chart from TradingView