This month, Canada’s digital asset investment sector reached a significant milestone as 3iQ’s XRP ETF surpassed $50 million in just 23 days of trading.
Overview of XRP ETF
The XRP ETF, launched by 3iQ Corp and listed on the Toronto Stock Exchange under the tickers XRPQ and XRPQ.U, has become the largest XRP-focused ETF in Canada. Since its launch on June 18, the fund has offered investors a zero management fee for the first six months, helping to attract substantial capital. The ETF's investment appeal includes eligibility for Canadian retirement accounts.
Ripple's Involvement and Secure Storage
The XRPQ ETF exclusively invests in long-term XRP acquired from reputable trading platforms and over-the-counter counterparties. Ripple Labs, a blockchain company known for its institutional financial products, participated as one of the ETF’s seed investors. Pascal St-Jean, President and CEO of 3iQ, noted that demand for regulated crypto vehicles is increasing, highlighting the zero-fee launch and secure storage model as key factors in its early success. All of the fund's assets are kept in standalone cold storage, providing an additional layer of protection.
Prospects Amid U.S. Developments
According to Pumpius’ post, the fund’s performance may reflect a broader shift in investor sentiment toward XRP as a long-term asset. There’s speculation that similar products could emerge in the United States, with major firms such as BlackRock and Fidelity showing interest. ETFs have already transformed institutional access to Bitcoin and Ethereum. XRP’s entry into regulated fund structures could soon unlock similar capital flows.
With $50 million raised in less than a month, 3iQ’s XRP ETF has set a new benchmark in digital asset investment. Its early momentum signals increasing institutional confidence in XRP and highlights a clear trend toward regulated exposure across global markets.
