3iQ Corp, a Canadian company focused on digital assets, has launched a new ETF centered on XRP on the Toronto Stock Exchange.
Launch of XRP ETF
3iQ Corp has introduced the ETF called XRPQ on the Toronto Stock Exchange, enabling North American investors to access digital assets. The ETF launch reflects Canada's favorable regulatory environment.
Benefits of XRPQ for Investors
XRPQ is designed to provide investors with access to digital assets at a low cost and within a regulated framework. It offers an initial zero management fee for the first six months. President and CEO of 3iQ, Pascal St-Jean, noted, 'XRP has shown significant growth potential over the last decade.'
Market Impact and Future of Digital Assets
The introduction of XRPQ aims to boost institutional confidence and increase trading volumes. Secure storage of XRP in cold wallets provides access to the physical asset, facilitating wider adoption. Regulatory clarity in Canada may influence global perception of similar ETF initiatives.
The launch of XRPQ is a significant step for the digital asset industry and may play a significant role in the further development of the market by expanding the availability of innovative financial instruments.
