XRP ETF Expands in Canada as 3iQ Launches XRPQ on TSX

XRP ETF offerings are gaining momentum in Canada, as digital asset manager 3iQ officially launched the XRPQ exchange-traded fund (ETF) on the Toronto Stock Exchange (TSX). The introduction of this new investment vehicle represents another strategic step in expanding institutional access to XRP and further strengthens the cryptocurrency’s presence in regulated financial markets.

Revealed on Wednesday, the 3iQ XRPQ ETF is now available for investors on the TSX. According to the firm’s press release, the fund will carry a 0% management fee for its initial six-month period, aimed at attracting early participation. The ETF is structured for simplicity and accessibility, allowing Canadians to invest through registered accounts, while also enabling select international investors, subject to applicable laws in their jurisdictions.

Notably, this launch comes on the heels of Purpose Investments’ announcement earlier this week regarding their own spot XRP ETF trading under the ticker XRPP. Both launches on the same date underscore the increasing institutional interest in XRP as a digital asset and the growing appetite among investors for crypto diversification through exchange-traded products.

With a strong legacy in the Canadian crypto investment space, 3iQ brings significant expertise to this latest initiative. The company was among the pioneers to list a regulated Bitcoin fund on the TSX—The Bitcoin Fund—and also claimed a world-first by launching a publicly traded ether fund, also listed in Toronto.

As part of the XRPQ ETF initiative, Ripple—the fintech firm behind the XRP digital asset—has invested in the fund. While the exact size of Ripple’s investment remains unspecified, its support signals a collaborative push to broaden XRP’s utility and integration into traditional financial infrastructure.

Pascal St-Jean, President and CEO of 3iQ, emphasized XRP’s robust performance history and its potential for future growth. “XRP has demonstrated significant growth potential over the past decade,” he said. “This groundbreaking strategy offers Canadian and eligible global investors a transparent, low-cost, and tax-efficient way to securely gain exposure to that opportunity.”

He also highlighted the significance of Ripple’s backing, noting, “Ripple Labs’ investment support reflects our shared leadership in advancing the digital asset space.”

To commemorate the ETF’s debut, the 3iQ team is scheduled to ring the closing bell at the Toronto Stock Exchange later today, marking another milestone in the evolution of crypto-related financial products in Canada.

These developments reflect a growing trend of integrating digital assets like XRP into traditional investment frameworks, enabling more investors—both institutional and retail—to access decentralized networks with greater ease and security.

Related: Expert Advice: Sell XRP If You’re Confused

Read more: Spot XRP ETF Set to Start Trading in Canada This Week After Regulatory Nod, Token Up 7%