Key Takeaways:
- 3iQ launches North America’s first XRP Spot ETF (TSX: XRPQ), backed by Ripple and trading on the Toronto Stock Exchange.
- XRPQ starts with a 0% management fee and offers direct XRP exposure secured in cold storage.
- Legal delays in Ripple’s U.S. case may offer buying opportunities as XRP remains at $2.13.
Canada has become the first North American country to list a spot XRP exchange-traded fund (ETF) as 3iQ Corp. introduces the XRPQ on the Toronto Stock Exchange.
This is a historical moment for the crypto industry as XRP, which is the fourth-largest cryptocurrency by market capitalization, joins the ranks of listed ETFs. Institutional adoption is an industry where Ripple Labs is actively involved, and it is participating in this launch as well in its early investment in this fund.
XRPQ has a unique model by offering a 0% management fee for a period of six months, giving it a cost edge over other digital asset funds.
The fund invests directly in XRP from regulated exchanges as well as from over-the-counter trading, with full cold storage custody. It is meant for Canadian investors and brings regulated access for foreign players, going beyond popular crypto exchanges for XRP.
XRP Price Still Flat, But Legal Pause Creates Window
Despite the news on ETF, XRP continues trading at approximately $2.13 without a visible bullish reaction yet. According to crypto markets observer EGRAG CRYPTO, the token was in a breakout trend before when the SEC and Ripple filed a joint status report in search of a stay on their court proceedings.
This move diverts focus in August when a key motion is set to be decided by the district court, suspending the next phase of appeals. This judicial limbo, however, might be beneficial for institutions in search of a foothold.
Once fresh capital starts flowing into the ETF, and if clarity is available on a legal front, XRP is set by many for a massive upside move. EGRAG CRYPTO noted the timing irony but suggested buying XRP at current levels for long-term strategic accumulation.
3iQ’s Crypto Expansion Continues
The XRP ETF follows in the footsteps of the earlier success of 3iQ’s Solana Staking ETF, which has amassed over $120 million in assets as of June 12, 2025. The fund is aimed at long-term SOL positions that receive staking income, and it sets a template for passive crypto investment products.
With XRPQ now in existence, 3iQ continues to lead the Canadian crypto investment sector, delivering regulated, safe vehicles for entrance on important blockchain networks. As U.S. regulatory headwinds continue, Canada’s leadership in digital asset ETFs can be a harbinger for other territories emulating it.
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