The launch of a new XRP ETF in Canada by 3iQ has attracted the attention of investors and cryptocurrency experts. The ETF will offer zero management fees for the first six months.
Launch of XRP ETF by 3iQ
3iQ, a cryptocurrency asset management company, announced the launch of an XRP ETF that will trade on the Toronto Stock Exchange under the ticker XRPQ.
Terms of the ETF
The ETF will start trading with zero management fees for six months and will only invest in long-term XRP positions acquired from reputable exchanges and OTC platforms. All assets will be kept in cold storage.
Opinions and Comments
Pascal St-Jean, CEO of 3iQ, stated: "XRP has demonstrated significant growth potential over the past decade, and this strategy provides investors with a transparent and low-cost way to access this opportunity."
The launch of the XRP ETF in Canada signals a growing interest in cryptocurrencies and investment opportunities in digital assets on the market. This initiative may mark an important step in the development of cryptocurrency ETFs.
