3iQ Digital Asset Management announced the launch of its first XRP ETF on the Toronto Stock Exchange, recording asset growth of CAD 32 million in three days.
XRPQ: Breaking Ground in North America
The 3iQ XRP ETF is one of the first of its kind in North America, providing investors with indirect access to XRP in a regulated format, simplifying the investment process in digital assets.
Canada Leads Over U.S. in Regulation
XRPQ's success also highlights Canada's progressive approach to digital asset regulation. Unlike the U.S., where ETF regulation for XRP remains uncertain, Canada offers more open legislation, allowing 3iQ to gain a crucial competitive edge.
Access to XRP for Institutional Investors
XRP attracts investor attention due to its fast and low-cost cross-border transactions. The launch of XRPQ provides a secure and professionally managed avenue for accessing this asset, which has already led to significant capital inflows.
The success of 3iQ's XRP ETF underscores the growing interest in regulated digital assets and could pave the way for new financial instruments focused on XRP in other jurisdictions.
