XRP ETF Launches in Canada Backed by Ripple

XRP ETF access has officially expanded in North America, as Canadian investment firm 3iQ Corp. has launched a spot XRP Exchange-Traded Fund (ETF) on the Toronto Stock Exchange (TSX).

Named the 3iQ XRP ETF (trading under the ticker XRPQ), the fund offers North American investors a regulated pathway to gain exposure to XRP, currently the fourth-largest cryptocurrency by market capitalization. The product is aimed at both retail and institutional investors seeking to invest in XRP through traditional brokerage accounts without directly holding the digital currency.

To mark the occasion, 3iQ has planned a bell-ringing ceremony at the TSX, symbolizing this major milestone for both the company and XRP enthusiasts. As part of its launch strategy, the firm will waive management fees for the first six months—a move intended to make the ETF more attractive to cost-conscious investors. This zero-fee period positions XRPQ as a competitive entrant in the growing crypto fund space.

A noteworthy aspect of the XRPQ ETF is the backing it has received from Ripple, the San Francisco-based blockchain company responsible for much of XRP’s development and ecosystem growth. Ripple has made a financial investment into the ETF, though 3iQ has not disclosed the size of that commitment. The endorsement from Ripple adds another layer of credibility to the fund and underscores the industry’s confidence in spot XRP investment vehicles.

According to the official announcement, XRPQ will hold long-term XRP assets that are acquired through regulated venues, including over-the-counter (OTC) desks. Importantly, all XRP reserves supporting the ETF will be stored in secure, segregated cold wallets, significantly reducing risks tied to digital asset theft or breaches.

Canadian residents can buy XRPQ shares via registered investment accounts, giving retail investors seamless integration into the digital asset space. Additionally, institutional investors outside Canada will also have access to the fund, albeit in line with regional jurisdictional rules and compliance policies.

Pascal St-Jean, President and CEO of 3iQ, expressed optimism about the move, emphasizing that the new XRP ETF aligns with the company’s goal of democratizing access to regulated digital assets. He noted XRP’s impressive performance over the last decade, highlighting that the token has appreciated by approximately 10,850% since 2015, jumping from just $0.02 to a peak of $2.19. As per St-Jean, XRPQ opens the door for both Canadian and global investors to capitalize on XRP’s long-term potential within a legal and structured framework.

This development follows closely on the heels of another XRP ETF launch on the TSX. Less than 24 hours before XRPQ went live, Purpose Investments announced their XRP ETF (XRPP), which also began trading on the same exchange. This marks a pivotal moment for XRP adoption in Canada’s financial markets, with two major ETF listings occurring back-to-back.

While Canadian exchanges take the lead, American investors are still waiting for access to similar crypto investment products. Multiple firms have already filed applications with the U.S. Securities and Exchange Commission (SEC) to launch spot XRP ETFs, including well-known asset managers. Currently, over ten applications are pending approval.

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

Despite the regulatory hurdles, market watchers remain hopeful that the SEC will greenlight XRP ETFs in the U.S. by October 2025. Whether this speculation becomes reality is yet to be seen, but the launch of XRPQ and XRPP in Canada is a clear sign that institutional demand for XRP investment vehicles is growing rapidly.