Ripple-Backed ETF Launches In Canada

Canada’s Toronto Stock Exchange today saw a new entrant aimed at making XRP more accessible to investors. The 3iQ Corp. rolled out its spot-based XRP ETF, trading under the ticker XRPQ, with an introductory 0% management fee for the first six months.

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Based on reports, this move offers both retail and institutional clients a hands‑off way to own XRP without worrying about private wallets or unregulated platforms.

Building Trust Through Custody

According to the announcement, XRPQ will hold its XRP coins in cold storage, kept separate for each investor to cut down the chance of a hack.

The fund plans to buy XRP from regulated sources like over‑the‑counter desks. That setup mirrors what other digital‑asset funds do for Bitcoin and Ether.

We are excited to announce the launch of the 3iQ XRP ETF (TSX: XRPQ, XRPQ.U) — one of the first ETFs in North America to provide exposure to #XRP.

XRPQ debuts with a 0% management fee for the first six months, and @Ripple as an early investor in the fund.

“The launch of XRPQ… pic.twitter.com/me19RLAzJI

— 3iQ Digital Asset Management (@3iq_corp) June 18, 2025

Backing From Ripple

San Francisco’s Ripple has taken a stake in the new fund, according to reports. The company didn’t share how much it invested, but its support sends a strong message. It shows Ripple believes in XRPQ’s structure and security, even after years of uncertainty about XRP in the US courts.

Growth Of XRP Over A Decade

Data from 2015 to now shows that XRP’s price jumped to around 10,700%, climbing from $0.02 back then to $2.16 today.

That surge underscores why 3iQ’s CEO and President, Pascal St‑Jean, called this ETF “an easy way for Canadians and qualified investors overseas to tap into XRP’s growth.” He rang the TSX’s closing bell to mark the launch.

Purpose Joins The Fray

Reports also disclose that Purpose Investments launched its own XRP ETF, XRPP, on the same day. That makes two spot XRP ETFs now available on the same exchange. Both products aim to give investors a regulated path to XRP, but only time will tell which approach wins more fans.

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Looking Ahead To US Approval

According to industry watchers, over 10 applications for a spot XRP ETF are currently waiting on the US Securities and Exchange Commission. Traders and managers predict a green light could come by October 2025.

Until then, US investors will be watching from the sidelines, while Canada continues to lead in crypto‑ETF innovation.

With XRPQ’s debut, 3iQ highlights its mission of opening up digital assets in a regulated way. It’s a clear sign that more traditional markets are warming up to crypto.

And with Ripple’s backing and a zero‑fee for half a year, this new ETF could draw attention from anyone who wants XRP exposure without the usual hurdles.

Featured image from Pixabay, chart from TradingView