The launch of the XRP ETF, supported by Ripple, is a significant event in the world of cryptocurrencies, providing investors with access to digital assets within a regulated framework.
Launch of the XRP ETF on Toronto Stock Exchange
The XRP ETF, trading under the tickers XRPQ and XRPQ.U, commenced trading on June 18, 2025, on the Toronto Stock Exchange. This launch represents a step toward enhancing access to digital assets for both institutional and retail investors.
Role of Ripple and 3iQ Corp.
3iQ Corp., known for its innovations in digital asset funds, is the issuer of the new ETF, with support from Ripple. This collaboration underscores the company’s drive for broader institutional and mainstream adoption of XRP. "The launch of XRPQ marks another milestone in our mission to provide investors with convenient access to digital assets within a regulated framework," said Pascal St-Jean, President and CEO of 3iQ.
Potential Influence on the Cryptocurrency Market
The ETF launch in Canada allows exposure to XRP without an immediate impact on Bitcoin or Ethereum. This strategic introduction is expected to capture investor interest, particularly due to the zero management fees for the initial six months. Experts suggest that if the ETF gains substantial traction, it could motivate further product approvals in other regions.
The launch of the XRP ETF by 3iQ and Ripple represents a pivotal event in the context of advancing cryptocurrency market regulation, potentially stimulating similar initiatives in other regions.
