3iQ Debuts XRP ETF on Toronto Stock Exchange, Backed by Ripple Investment

Canadian asset manager 3iQ has introduced a new exchange-traded fund (ETF) centered on XRP, providing North American investors with direct exposure to the cryptocurrency.

The 3iQ XRP ETF (XRPQ) began trading today on the Toronto Stock Exchange (TSX), offering a regulated avenue to invest in the world’s fourth-largest digital asset by market capitalization.

Notably, Ripple—the blockchain firm behind the XRP Ledger and XRP cryptocurrency—is among the fund’s early investors, as confirmed by 3iQ in a Wednesday announcement. To celebrate the launch, 3iQ’s team will ring the TSX’s closing bell later today.

The ETF features an introductory 0% management fee for the first six months. According to the announcement, XRPQ will hold exclusively long-term XRP positions, sourced from trusted exchanges and over-the-counter (OTC) platforms, with all assets secured in cold storage.

“The launch of XRPQ represents another step forward in our mission to deliver convenient, cost-efficient, and regulated access to digital assets,” said Pascal St-Jean, President and CEO of 3iQ.