Toronto—3iQ Corp, a global leader in digital asset investment solutions, has announced that its 3iQ XRP ETF (TSX: XRPQ) has surpassed CAD$32 million in assets under management (AUM) within three days of launching on the Toronto Stock Exchange (TSX). This milestone establishes XRPQ as Canada’s largest XRP-focused ETF by AUM.
Key Highlights
- Rapid Growth: XRPQ achieved CAD$32 million in AUM just three days post-launch.
- Competitive Pricing: Offers a 0% management fee for the first six months.
- Institutional Backing: Seed investors include Ripple, a leader in enterprise blockchain solutions.
- Secure Storage: Underlying XRP holdings are stored in cold storage for maximum security.
Market Context
XRPQ provides indirect exposure to XRP, the fourth-largest cryptocurrency by market cap. It invests in long-term XRP holdings sourced from reputable trading platforms. This follows the success of 3iQ’s Solana Staking ETF (SOLQ), which became Canada’s largest Solana ETF with CAD$90 million in AUM within two days of launch earlier this year.
Leadership Insight
Pascal St-Jean, President & CEO of 3iQ, remarked:
"The rapid adoption of our XRP ETF mirrors the success of our Solana Staking ETF, demonstrating strong investor demand for regulated digital asset exposure. We’re committed to pioneering accessible, secure investment vehicles."
Investment Accessibility
- Eligibility: Available to Canadian registered accounts and global qualified investors (subject to local regulations).
- Listing: Traded on the TSX under ticker XRPQ.
👉 Explore 3iQ’s XRP ETF for institutional-grade XRP exposure
FAQs
Q: What makes XRPQ unique among XRP ETFs?
A: XRPQ combines low fees, cold storage security, and backing from industry leaders like Ripple.
Q: Can international investors access XRPQ?
A: Yes, via the TSX, though local regulatory restrictions may apply.
Q: How does XRPQ’s performance compare to SOLQ?
A: Both ETFs saw rapid AUM growth, with SOLQ reaching CAD$90 million in two days and XRPQ hitting CAD$32 million in three days.
About 3iQ
Founded in 2012, 3iQ is a pioneer in digital asset investment solutions, including:
- The first Bitcoin and Ethereum ETPs on a major exchange.
- Integrated staking for Ethereum and Solana ETPs.
- Majority-owned by Monex Group since 2024.
👉 Discover more about 3iQ’s innovative digital asset funds
Disclaimer: This content is for informational purposes only. Invest only after reviewing the prospectus at www.sedar.com.
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