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Canadian digital asset management firm 3iQ Corp. has just announced the first-ever XRP-traded institutional investment fund, 3iQ XRP ETF. Listed under the symbols XRPQ and XRPQ.U on the Toronto Stock Exchange, this exchange-traded fund is the first regulated exchange-traded fund in North America that can provide direct exposure to XRP, the native asset on the XRP Ledger.
3iQ’s latest product gives traditional investors a secure and cost-efficient way to participate in the XRP market. The ETF invests exclusively in spot XRP, purchased from regulated exchanges and OTC desks, with assets stored in segregated cold wallets. This framework enables institutional players to acquire XRP without the technical complications of its storage or protection, which would be the case in direct possession of digital assets.
Ripple, the company behind the XRP Ledger, is an early investor in the fund. This partnership indicates growing confidence among industry leaders that regulated investment vehicles can broaden the reach of digital assets. According to 3iQ President and CEO Pascal St-Jean, “XRP has demonstrated substantial growth potential over the last decade. This ETF offers investors a transparent, low-cost, and tax-efficient way to access that opportunity.” For its first six months, the 3iQ XRP ETF waives all management fees, making it especially attractive to new investors.
The fund rollout is part of 3iQ's overall business model of launching institutional-quality crypto investment entities. The firm launched the Solana-focused SOLQ ETF earlier this year, which has already gathered over $120 million in assets under management.
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The support of Ripple also helps the 3iQ XRP ETF to strengthen its status as an institutional-quality ETF. As the developer of the XRP Ledger, Ripple’s investment reflects both a vote of confidence in XRP’s long-term use case and the growing demand for structured crypto exposure. The ETF only holds spot XRP, and no derivatives, to maintain transparency and reduce risk.
The ETF can be accessed by institutional and retail investors in Canada via a registered Canadian investment account, and internationally by local regulatory approvals. With controlled access to XRP, 3iQ can make the ETF the connection point between the crypto industry and the traditional financial markets. The fund targets long-term investors seeking exposure to XRP’s payment network, which is known for near-instant settlement and very low fees.
The debut of the 3iQ XRP ETF was succeeded by the listing of two other XRP exchange-traded funds, Evolve XRP ETF and Purpose XRP ETF, on the Toronto Stock Exchange. This cluster of launches suggests a rapid expansion of regulated crypto investment vehicles in Canada, even as other jurisdictions continue to debate crypto regulation.
The third-largest digital asset by market capitalization is XRP, attributed to its growing institutional interest and worldwide payment applications. Regulated ETFs indicate that crypto assets are establishing a presence in the broader financial system and are fostering greater mainstream acceptance of digital currencies like XRP.
