Canada’s XRP ETF: A Revolutionary Leap or Just Another Crypto Circus?

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In the bustling heart of Canada, where the maple leaves flutter like the hopes of investors, the Toronto Stock Exchange has welcomed a new player, the 3iQ Corp. This entity has unveiled its spot-based XRP ETF, trading under the catchy ticker XRPQ, and guess what? For the first six months, they’re offering a management fee of 0%! Yes, you heard it right—free! It’s like a buffet where you can eat all you want without paying a dime, at least for a while. 🍁💸

Reports suggest that this initiative is designed to provide both retail and institutional clients a way to own XRP without the usual headaches of private wallets or the wild west of unregulated platforms. Because who needs the stress of managing their own crypto when you can let someone else do it for you, right? 🙄

Building Trust Through Custody

According to the grand announcement, XRPQ will safeguard its XRP coins in cold storage, ensuring that each investor’s assets are kept separate. This is a clever move to minimize the risk of hacks—because, let’s face it, nobody wants to wake up to find their digital fortune vanished into thin air. 🥴

The fund plans to acquire XRP from regulated sources, much like how other digital asset funds operate with Bitcoin and Ether. It’s almost as if they’re trying to play by the rules in a game where the rules are still being written. 📜

We are thrilled 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…

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

Backing From Ripple

In a twist of fate, San Francisco’s Ripple has decided to take a stake in this new fund. While the exact amount remains a mystery, their support sends a clear message: they believe in XRPQ’s structure and security, even after years of legal battles in the US courts. It’s like a vote of confidence from the captain of a sinking ship. 🚢

Growth Of XRP Over A Decade

Data from 2015 to now reveals that XRP’s price has skyrocketed by approximately 10,700%, climbing from a mere $0.02 to a staggering $2.16 today. This meteoric rise is why 3iQ’s CEO, Pascal St-Jean, dubbed this ETF “an easy way for Canadians and qualified investors overseas to tap into XRP’s growth.” He even rang the TSX’s closing bell to celebrate the launch, as if it were a national holiday. 🔔


Purpose Joins The Fray

In a delightful twist, Purpose Investments has also launched its own XRP ETF, XRPP, on the same day. Now, we have two spot XRP ETFs available on the same exchange. It’s like a race to see which one can attract more investors—may the best ETF win! 🏁

Looking Ahead To US Approval

Industry watchers are buzzing with anticipation, as over 10 applications for a spot XRP ETF are currently awaiting the nod from the US Securities and Exchange Commission. Traders and managers are optimistic that a green light could come by October 2025. Until then, US investors will be watching from the sidelines, while Canada continues to lead the charge in crypto-ETF innovation. 📈

With XRPQ’s debut, 3iQ is on a mission to open up digital assets in a regulated manner. It’s a clear indication that traditional markets are starting to warm up to the idea of crypto. And with Ripple’s backing and a zero-fee for half a year, this new ETF might just attract anyone looking for XRP exposure without the usual hurdles. Because who doesn’t love a good deal? 😏

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2025-06-19 23:13