The Canadian digital asset management firm 3iQ Corp. has officially launched its spot XRP ETF on the Toronto Stock Exchange (TSX), marking a pivotal development in the institutional adoption of XRP. The newly listed product, named the 3iQ XRP ETF (XRPQ), offers investors across North America regulated exposure to XRP—one of the world’s most widely recognized digital assets by market capitalization.
This launch positions XRP as the fourth-largest cryptocurrency by market cap to receive such financial infrastructure in a major economy. The debut of XRPQ underscores growing confidence in digital assets as legitimate investment vehicles within traditional financial markets.
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A Milestone for Regulated Crypto Access
To commemorate the listing, 3iQ will ring the closing bell at the Toronto Stock Exchange. In a move designed to lower entry barriers, the company is offering zero management fees for the first six months of trading. This incentive aims to attract both retail and institutional investors seeking cost-effective exposure to XRP’s long-term growth potential.
The ETF is structured to hold physical XRP acquired through regulated over-the-counter (OTC) platforms. These underlying XRP holdings are securely stored in cold storage with strict isolation protocols, significantly reducing the risk of cyber threats or unauthorized access.
Canadian investors can now purchase shares of XRPQ through registered accounts such as TFSAs and RRSPs. Additionally, qualified international institutional clients outside Canada will also have access to the fund, subject to compliance with local regulatory frameworks.
Ripple Backs 3iQ’s XRP ETF Initiative
A notable highlight of this launch is Ripple’s direct investment in the 3iQ XRP ETF. While the exact amount remains undisclosed, Ripple’s participation signals strong confidence in the product and reinforces its ongoing efforts to expand XRP’s presence in mainstream finance.
Ripple, the San Francisco-based payments company known for its enterprise blockchain solutions and cross-border payment network, has long advocated for clearer regulatory pathways for digital assets. Its support for XRPQ reflects a strategic alignment with institutions aiming to bridge crypto and traditional capital markets.
By backing a regulated ETF, Ripple strengthens its narrative around compliance, transparency, and real-world utility—key themes that continue to shape the future of digital asset regulation globally.
How the 3iQ XRP ETF Works
The 3iQ XRP ETF operates similarly to other spot crypto ETFs already available in Canada, such as those tracking Bitcoin and Ethereum. Instead of investing directly in futures or derivatives, XRPQ holds actual XRP tokens, providing investors with direct exposure to price movements without the complexities of self-custody.
- Underlying Asset: 100% physically backed by XRP
- Custody Solution: Cold storage via regulated custodians
- Trading Venue: Toronto Stock Exchange (TSX)
- Fee Structure: 0% management fee for first 6 months
- Eligible Investors: Retail and institutional (with regional restrictions)
This structure ensures transparency, security, and ease of access—critical factors driving adoption among conservative investors who remain cautious about unregulated crypto platforms.
👉 Learn how secure custody models protect your digital asset investments.
Market Reaction and Competitive Landscape
Interestingly, 3iQ was not alone in launching an XRP ETF on this historic day. Purpose Investments announced its own spot XRP ETF—XRPP—just hours before XRPQ began trading. Both products are now live on the TSX, creating a competitive yet complementary landscape for XRP exposure.
This dual launch highlights increasing demand from asset managers and investors alike for regulated vehicles tied to major cryptocurrencies beyond Bitcoin and Ethereum. With two reputable firms entering the space simultaneously, it signals maturing market conditions and growing investor appetite for diversified digital asset portfolios.
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Executive Insight: Pascal St-Jean on XRP’s Potential
Pascal St-Jean, CEO and President of 3iQ, emphasized that the launch of XRPQ aligns with the firm’s mission to deliver accessible, compliant, and transparent digital asset solutions.
“XRP has demonstrated remarkable growth over the past decade,” said St-Jean. “Since 2015, its value has surged approximately 10,850%, rising from $0.02 to $2.19.”
He noted that while past performance does not guarantee future results, the underlying technology and use cases—particularly in global payments and financial inclusion—remain compelling. The ETF provides a trusted gateway for Canadians and eligible international investors to participate in XRP’s evolution.
St-Jean also pointed out that regulatory clarity in Canada continues to foster innovation, allowing firms like 3iQ to lead the way in bringing secure crypto products to market.
The Road Ahead: Will the U.S. Follow?
Despite Canada’s progressive stance, investors worldwide are closely watching whether the U.S. Securities and Exchange Commission (SEC) will approve a spot XRP ETF. Currently, more than ten applications are under review, filed by various asset managers seeking to list similar products on American exchanges.
While no decision has been made, market analysts speculate that approval could come by October 2025, especially if recent trends in crypto regulation continue toward greater acceptance.
Until then, Canadian investors enjoy a first-mover advantage. The success of XRPQ and XRPP may serve as blueprints for U.S.-based filings, potentially influencing the SEC’s risk assessment and approval process.
👉 Stay ahead of U.S. crypto regulation developments with real-time insights.
Frequently Asked Questions (FAQ)
Q: What is a spot XRP ETF?
A: A spot XRP ETF is an exchange-traded fund that holds actual XRP tokens as underlying assets. It allows investors to gain exposure to XRP’s price movement without directly buying or storing the cryptocurrency.
Q: Can U.S. investors buy the 3iQ XRP ETF?
A: Direct access may be limited due to regulatory restrictions. However, non-resident qualified investors might participate through certain international brokerage accounts—subject to local compliance rules.
Q: Is the 3iQ XRP ETF safe?
A: Yes. The fund uses regulated OTC desks to acquire XRP and stores all holdings in cold wallets with advanced security measures. It is also subject to regular audits and oversight by Canadian financial authorities.
Q: How does this affect XRP’s price?
A: Increased institutional demand from ETF inflows can create upward pressure on price over time. However, short-term volatility depends on broader market dynamics.
Q: Why is Ripple investing in this ETF?
A: Ripple’s investment demonstrates strategic support for regulated financial products that promote mainstream adoption of XRP while reinforcing compliance and transparency.
Q: Are there tax implications for holding XRPQ?
A: Yes. In Canada, gains from ETFs held outside registered accounts may be subject to capital gains tax. Investors should consult a tax professional for personalized advice.
The launch of the 3iQ XRP ETF represents a significant leap forward in the integration of digital assets into traditional finance. As Canada solidifies its role as a leader in crypto innovation, global eyes turn toward what could be the next chapter: a U.S.-listed spot XRP ETF—potentially reshaping the future of cryptocurrency investment worldwide.