XRP ETF Surpasses $50M, Sets North American Benchmark

The XRP ETF landscape is making significant strides as North America’s leading spot exchange-traded fund focused on XRP has reached a notable milestone. Just weeks following its debut, the fund managed by 3iQ Digital Asset Management has officially surpassed the $50 million mark in assets under management (AUM), highlighting growing investor interest in Ripple’s native token.

This development positions the 3iQ XRP ETF as the most prominent spot ETF dedicated to XRP in North America. With investor appetite surging across both institutional and retail segments, the fund is quickly gaining recognition within the broader crypto investment arena. According to 3iQ’s President and CEO, Pascal St-Jean, the early performance of the ETF underscores rising demand and confidence in compliance-safe, publicly-traded crypto products.

The momentum behind the 3iQ product stems from a coordinated launch of XRP ETFs in Canada. Alongside 3iQ, Purpose Investments and Evolve Funds Group unveiled their own ETFs tied to the Ripple-associated digital asset. These simultaneous launches demonstrate that Canadian financial firms are proactively embracing regulated crypto exposure, with XRP now at the forefront.

Canada’s openness to innovation in the ETF space contrasts sharply with the regulatory landscape in the United States. While Canada’s overall ETF market is much smaller—boasting $432 billion in assets versus over $10 trillion in the US—it has proven more agile and accommodating to crypto fund approvals. Canadian regulators have already greenlit multiple spot ETFs for digital assets like Bitcoin and Ethereum, setting a favorable precedent for altcoins such as XRP.

Meanwhile, in the U.S., prospective issuers are still waiting for regulatory approval to launch spot ETFs tied to XRP. Major players including Franklin Templeton, Bitwise, and 21Shares have submitted filings to the U.S. Securities and Exchange Commission (SEC). Currently, more than a dozen applications are pending review, and expectations are that official clearance won’t arrive until the final quarter of 2025 at the earliest.

Some industry observers speculate that the drawn-out approval process may leave XRP ETFs in regulatory limbo. Despite growing demand and the international adoption of such financial products, the U.S. is proceeding cautiously when it comes to crypto asset-backed ETFs. There’s an ongoing effort by the SEC to streamline and redefine their evaluation and framework for crypto ETFs beyond Bitcoin and Ethereum.

Nevertheless, market sentiment remains optimistic. Betting activity on prediction markets like Polymarket reflects this cautious optimism. At present, there is an 84% probability forecast that an XRP ETF will get the green light from U.S. regulators in 2025, although this is a dip from a previously higher 98% optimism recorded in early June. This marginal pullback indicates that investor confidence endures but is tempered with regulatory realities.

The progress of North America’s first XRP-focused ETF not only emphasizes the growing significance of Ripple’s associated asset in institutional finance but also highlights the shifting dynamics in how digital assets are integrated into traditional markets. The fund’s rapid accumulation of assets is a signal that investor behavior is maturing, with many seeking diversified, compliant routes into cryptocurrency exposure.

With the XRP ETF now past a substantial financial benchmark and competing products entering the Canadian scene, the future of Ripple-centric investment vehicles looks increasingly promising. However, the true inflection point may come once U.S. regulators take decisive action—unlocking access to a much larger market and potentially transforming the investment landscape for XRP and crypto as a whole.

Related: XRP Price: $12M Max Pain for Bears

As global interest in cryptocurrency ETFs grows and with Ripple continuing to fortify its ecosystem, XRP’s role in mainstream finance appears to be evolving rapidly—marking this milestone not just as a financial figure, but as a pivotal moment in digital asset adoption.