Investment firm 3iQ reports record assets under management for its Solana and XRP ETFs, positioning them as the largest in Canada.
Record Assets Under Management
3iQ's Solana ETF (SOLQ) and XRP ETF (XRPQ) have become the largest in their respective categories in Canada, reaching over CAD 300 million and CAD 150 million in assets under management.
Success of Solana and XRP ETFs
The Solana ETF (SOLQ) made headlines earlier this year by raising an impressive CAD 90 million in just two days. Similarly, the XRP ETF (XRPQ) garnered over CAD 32 million in just three days of trading.
Expert Opinions on Crypto Investments
Pascal St-Jean, President and CEO of 3iQ, noted that the dual success of both ETFs illustrates the increasing interest among investors in regulated and accessible crypto investment vehicles.
The growth in assets under management for the Solana and XRP ETFs highlights investor interest in crypto investments in Canada and a global trend toward using regulated financial instruments.
