The world of digital asset investing has taken a significant leap forward with the launch of North America’s first exchange-traded fund (ETF) offering direct exposure to XRP. 3iQ, a leading Canadian digital asset investment firm, has officially debuted its XRP Trust—trading under the tickers XRPQ (CAD-hedged) and XRPQ.U (USD) on the Toronto Stock Exchange (TSX). This milestone marks a pivotal moment for both institutional and retail investors seeking regulated, secure, and tax-efficient access to one of the most widely discussed cryptocurrencies.
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A Regulated Gateway to XRP Investment
The newly launched XRPQ ETF offers qualified investors a transparent, compliant, and cost-effective way to gain long-term exposure to XRP without the complexities of self-custody or navigating volatile crypto exchanges. Unlike unregulated products or futures-based instruments, XRPQ holds physical XRP tokens acquired through trusted exchanges and over-the-counter (OTC) providers. These assets are securely stored in cold wallet storage, ensuring maximum protection against cyber threats.
This launch follows a ceremonial closing bell event at the TSX trading floor, symbolizing the formal integration of XRP into Canada’s mainstream financial ecosystem. According to Pascal St-Jean, President and CEO of 3iQ, “The introduction of XRPQ is another step in our mission to deliver accessible, low-cost digital asset investment solutions within a regulated framework.”
He added, “XRP has demonstrated substantial growth potential over the past decade. This innovative product provides Canadian and global qualified investors with a secure, transparent, and tax-advantaged method to participate in that opportunity.”
Backed by Ripple and Built for Security
Notably, Ripple Labs, the company behind the XRP Ledger, is an early investor in the fund—a strong endorsement of 3iQ’s approach and the broader legitimacy of XRP as an investable asset. The partnership underscores growing confidence in blockchain-based financial infrastructure and highlights Ripple’s commitment to expanding real-world use cases for its technology.
All XRP holdings are subject to rigorous due diligence, sourced only from audited trading platforms and OTC desks. The use of cold storage solutions ensures that assets remain offline and protected from unauthorized access, aligning with institutional-grade security standards.
To further enhance accessibility, 3iQ will waive management fees for the first six months, making XRPQ one of the most competitively priced digital asset ETFs available today.
Understanding XRP and Its Real-World Utility
XRP is the native cryptocurrency of the XRP Ledger, an open-source blockchain designed for fast, low-cost cross-border payments. Transactions on the network settle in 3–5 seconds, with average fees below $0.01, making it highly efficient compared to traditional banking rails or even other blockchain networks.
Since 2015, XRP’s value has surged from around $0.02 to over $2.19 at its peak, driven by increasing institutional interest and improving regulatory clarity across key markets. While past regulatory scrutiny—particularly in the U.S.—created uncertainty, recent court rulings have bolstered investor confidence, reinforcing XRP’s status as a legitimate digital asset.
Today, the XRP Ledger supports a range of applications beyond payments, including:
- Cross-border remittances
- Liquidity management for financial institutions
- Tokenization of real-world assets
- Central bank digital currency (CBDC) pilots in multiple jurisdictions
These use cases position XRP not just as a speculative asset but as a foundational component of next-generation financial infrastructure.
Building on Past Success: From Bitcoin to Solana and Now XRP
The XRP ETF launch is part of 3iQ’s broader strategy to expand access to regulated crypto investment vehicles. The firm previously launched successful ETFs for Bitcoin (BTCQ) and Ethereum (ETHQ), responding to growing demand from advisors and institutions.
It also introduced the 3iQ Solana Staking ETF (SOLQ), which has become the world’s largest Solana-linked ETF, managing over $120 million in assets as of December 2024. SOLQ offers exposure to long-term SOL positions while distributing staking rewards directly to investors—a model that could inspire future yield-bearing crypto ETFs.
With XRPQ, 3iQ continues this trajectory, offering investors a familiar financial product—backed by regulation and security—that bridges traditional finance with emerging digital ecosystems.
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Who Can Invest in XRPQ?
Eligible investors can purchase units of XRPQ through registered accounts, including:
- Registered Retirement Savings Plans (RRSPs)
- Tax-Free Savings Accounts (TFSAs)
- Non-registered investment accounts
This integration into tax-advantaged accounts is particularly appealing for Canadian investors looking to grow their digital asset exposure without triggering unnecessary tax liabilities.
International investors may also participate, provided they comply with local regulatory requirements. However, prospective buyers should consult their financial advisors to ensure alignment with jurisdiction-specific rules.
Why This Matters: The Growing Acceptance of Crypto in Traditional Finance
The approval and listing of an XRP-focused ETF on a major exchange like the TSX reflect a broader shift: digital assets are increasingly being accepted as legitimate components of diversified portfolios. Financial institutions and wealth advisors are now actively seeking ways to offer clients exposure to cryptocurrencies within compliant frameworks.
Canada continues to lead in this space, having been among the first countries to approve Bitcoin and Ethereum ETFs. The addition of XRP further solidifies its position as a pioneer in regulated crypto innovation.
Moreover, this development arrives amid rising global interest in blockchain-based financial solutions. As banks and governments explore CBDCs and real-time settlement systems, assets like XRP—built specifically for efficiency and scalability—are gaining renewed attention.
Frequently Asked Questions (FAQ)
Q: What is the difference between XRPQ and XRPQ.U?
A: XRPQ is denominated in Canadian dollars (CAD), while XRPQ.U is priced in U.S. dollars (USD). This allows investors to choose their preferred currency exposure based on tax or portfolio management strategies.
Q: Does XRPQ hold actual XRP tokens?
A: Yes. Unlike synthetic or futures-based funds, XRPQ holds physical XRP purchased from verified exchanges and OTC providers. These tokens are securely stored in cold wallets.
Q: Are there any fees associated with XRPQ?
A: 3iQ has waived management fees for the first six months after launch. After that period, standard fees will apply—investors should review the latest prospectus for updated rates.
Q: Can I hold XRPQ in my TFSA or RRSP?
A: Yes. The fund is eligible for inclusion in registered accounts such as TFSAs and RRSPs, offering potential tax benefits for Canadian investors.
Q: Is this ETF available outside Canada?
A: While listed on the TSX, international investors may access XRPQ if permitted under their local regulations. Always consult a financial advisor before investing across borders.
Q: How does Ripple’s involvement impact the fund?
A: Ripple Labs is an early investor in the fund, signaling strong support for regulated investment channels. However, Ripple does not manage or control 3iQ or XRPQ.
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The launch of 3iQ’s XRP ETF represents more than just a new financial product—it's a signal of maturation in the digital asset industry. By combining regulatory compliance, institutional-grade security, and real-world utility, XRPQ opens a trusted pathway for investors to engage with one of blockchain’s most enduring projects.
As adoption accelerates and innovation continues, products like XRPQ are setting the standard for what’s possible when traditional finance meets decentralized technology.