Canadian companies 3iQ and Purpose Investments have launched their XRP ETFs, providing investors with new opportunities to access this digital asset.
3iQ Corp and its XRPQ
3iQ Corp has announced the launch of its financial instrument under the ticker XRPQ, which is available for trading on the Toronto Stock Exchange as of June 18. The ETF will invest only in long-term XRP holdings purchased from reputable digital asset platforms and OTC counterparties. All assets will be secured in cold storage.
> “The launch of XRPQ marks another milestone in our mission to provide investors with convenient, cost-effective access to digital assets within a regulated framework,” said Pascal St-Jean, President and CEO of 3iQ.
Purpose Investments and its XRPP
Purpose Investments, which manages over $24 billion in assets, has also introduced the Purpose XRP ETF trading under the ticker XRPP on the same exchange. According to Paul Pincente, VP of Digital Assets, this new ETF offers a streamlined, secure solution for investing in XRP, transforming its real-world utility into an investable format.
> “Canadian investors continue to look for simple, safe, and transparent ways to access the digital asset market, and the XRP ETF has been one of the most requested digital assets in our lineup,” added Vlad Tasevski, Chief Innovation Officer.
Comparison with the Situation in the USA
While Canada is welcoming two XRP ETFs, the US Securities and Exchange Commission continues to delay decisions on multiple applications. Just yesterday, the SEC postponed its decision on Franklin Templeton's XRP ETF application, but invited public comments on CBOE's proposal.
The launch of XRP ETFs in Canada highlights the growing interest in digital assets and their potential for investors, even amid uncertainties in the US market.
