3iQ Corp launched the first XRP ETF in Canada, which quickly reached a significant assets under management milestone. Within 23 days, the fund gathered over $50 million, becoming the largest ETF of its kind in the country.
Launch of the XRP ETF in Canada
Launched on June 18, 2025, on the Toronto Stock Exchange, the ETF demonstrates growing interest in digital assets in traditional financial markets. The rapid growth in assets under management indicates investor confidence.
Investment Product Appeal
As an innovative vehicle offering 100% exposure to XRP, the ETF attracts both institutional and retail investors. Ripple, a renowned entity in the cryptocurrency space, also stepped in as an early investor, enhancing credibility.
Market Impact and Future Prospects
The ETF's success showcases an evolving financial landscape where the integration of crypto assets with traditional finance becomes more evident. The ETF received approval from Canadian regulators, highlighting the support for crypto innovations.
The achievement of the 3iQ XRP ETF emphasizes the interest in digital assets within traditional financial markets and may signal further changes in the attitude towards the cryptocurrency sector by institutional investors.
