In just under a month since its launch, 3iQ’s XRP ETF reached an important milestone by exceeding $50 million in assets. This fund has become the largest XRP-focused ETF in Canada.
Achieved Success and Structure of the ETF
The XRP ETF launched by 3iQ on June 18 quickly secured a competitive position in the Canadian market. The rapid asset growth indicates a rising interest from both institutional and retail investors for regulated financial instruments associated with XRP.
Popularity of the XRP ETF and Its Features
3iQ emphasized that the structure of the ETF contributed significantly to its early success. A key feature was the 0% management fee for the first six months. Additionally, the fund is suitable for tax-advantaged accounts in Canada, such as TFSA and RRSP.
Comparison with Future Opportunities in the U.S.
The launch of XRPQ occurred at a time when market participants are increasingly looking for diversification in their portfolios. While interest in XRP-related ETFs is growing in the U.S., Canada has established itself as a leader in this segment.
The success of 3iQ’s XRP ETF highlights the increasing interest in digital assets within managed investment funds. It may influence how future digital asset ETFs are structured and how regulation evolves in this area.
