Canada’s leading XRP-focused exchange-traded fund (ETF), managed by 3IQ, has quickly exceeded $50 million in assets under management only weeks following its debut on June 18.
Key Highlights:
- 3IQ’s XRP ETF reached over $50 million in assets in just a few weeks.
- This ETF is one of North America’s earliest publicly traded options for XRP investment.
- Bloomberg analysts have increased the probability of a US XRP spot ETF approval to 95%.
The fund, traded as XRPQ and XRPQ.U on the Toronto Stock Exchange, has garnered investor interest, particularly due to its zero management fees for the initial six months, as highlighted in a Monday press release from 3IQ.
Designed to provide direct exposure to XRP, the ETF sources its assets exclusively from regulated exchanges and reputable over-the-counter trading partners.
A Pioneer in Publicly Traded XRP Investment Options
3IQ’s XRP ETF is notable as one of the first investment vehicles in North America to offer direct access to XRP.
Reports indicate that the fund accumulated CAD 23 million (approximately $16.7 million) within a mere 72 hours of its launch.
Launching with significant momentum, XRPQ benefits from a six-month 0% management fee and direct financial backing from Ripple.
Pascal St-Jean, President and CEO of 3IQ, described the achievement as reflective of a growing sophistication among investors.
“Retail and institutional investors are increasingly selective with their assets, opting for this fund that combines the benefits of ETFs with a zero management fee at launch, differentiating it from earlier digital asset ETFs that often had higher premiums,” St-Jean stated.
To ensure investor security, the assets in the XRPQ fund are stored in fully segregated cold storage.
This ETF is accessible for registered accounts throughout Canada and to international investors, where permissible.
We are proud to announce that our XRP ETF (TSX: XRPQ, XRPQ.U), Canada’s largest #XRP ETF, has accumulated over $50 million in client assets since its launch on June 18th.
“This significant milestone for our XRP ETF shows the continuing strong interest in these assets and… pic.twitter.com/rpi3BmwE3W
— 3iQ Digital Asset Management (@3iq_corp) July 14, 2025
On June 11, VivoPower, a publicly listed company, revealed its partnership with the Flare blockchain aimed at generating yields from its XRP holdings.
This collaboration suggests institutional players are seeking innovative methods to utilize their crypto assets without having to liquidate them.
Moreover, in May, VivoPower made headlines by investing $121 million in XRP as a strategic reserve, positioning itself as the first organization globally to establish an XRP-centric treasury.
Increasing Odds for XRP ETF Approval
According to reports, Bloomberg analysts have elevated the likelihood of an XRP spot ETF approval to 95%, sparking renewed interest regarding potential institutional capital flows and shifts within the cryptocurrency landscape.
The SEC has acknowledged XRP’s 19b-4 filings, with an anticipated final decision due by October 17, 2025.
In related news, US-based spot Bitcoin ETFs experienced inflows exceeding $1 billion over consecutive days last week.
On a recent Friday, 11 spot Bitcoin ETF products reported combined inflows totaling $1.03 billion, following a previous day’s total of $1.17 billion.
Additionally, BlackRock has reported generating more revenue from its IBIT product than from its flagship iShares Core S&P 500 ETF.
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