The digital asset investment landscape in Canada has taken a significant leap forward with the rapid success of the 3iQ XRP ETF (TSX: XRPQ). Just three days after its debut on the Toronto Stock Exchange, the fund has amassed over CAD$32 million in assets under management (AUM), officially making it the largest XRP-focused exchange-traded fund in the country.
Backed by 3iQ Corp—Canada’s pioneering digital asset manager—XRPQ offers investors a regulated, secure, and accessible way to gain indirect exposure to XRP, the fourth-largest cryptocurrency by market capitalization. This milestone follows a similar achievement earlier in 2025, when the 3iQ Solana Staking ETF (TSX: SOLQ) became Canada’s top Solana ETF within just two days of trading, drawing in C$90 million from investors.
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A Strategic Entry into the XRP Market
The launch of XRPQ marks a pivotal moment for both retail and institutional investors seeking exposure to XRP through traditional financial channels. Unlike direct crypto ownership, which can involve custody challenges and security risks, XRPQ provides a streamlined, exchange-listed solution that integrates seamlessly into standard brokerage accounts.
One of the key drivers behind its fast adoption is the 0% management fee for the first six months, positioning it as one of the most competitively priced digital asset ETFs available today. This aggressive pricing strategy not only lowers the barrier to entry but also reflects 3iQ’s commitment to expanding access to high-potential digital assets.
The fund invests exclusively in long-term XRP holdings acquired through reputable digital asset trading platforms and over-the-counter (OTC) counterparties. Importantly, all underlying assets are fully secured using standalone cold storage solutions, ensuring maximum protection against cyber threats.
Ripple’s Strategic Involvement Sparks Confidence
A notable factor contributing to investor confidence is the involvement of Ripple, the enterprise blockchain and crypto solutions leader, as a seed investor in the fund. While XRPQ operates independently, Ripple’s early backing signals strong industry validation and reinforces trust in XRP’s long-term utility, particularly in cross-border payments and financial settlement systems.
This strategic alignment underscores a broader trend: institutional recognition of blockchain technology’s transformative potential in global finance. With Ripple actively partnering with financial institutions worldwide to modernize payment infrastructure, XRP’s foundational role continues to grow—making it an increasingly attractive asset class for diversified portfolios.
Building on Past Success: The SOLQ Precedent
The rapid growth of XRPQ mirrors the trajectory of another 3iQ product—the Solana Staking ETF (SOLQ)—which reached C$90 million in AUM within just 48 hours of trading in April 2025. That fund quickly became Canada’s largest Solana ETF, attracting major unitholders like SkyBridge Capital.
This repeated pattern of immediate market acceptance highlights 3iQ’s strong brand credibility and deep understanding of investor demand. By combining regulatory compliance, transparent operations, and innovative product design, 3iQ has positioned itself at the forefront of North America’s digital asset investment evolution.
Why Canadian Investors Are Embracing Crypto ETFs
Canada has emerged as a global leader in regulated crypto investment products. The TSX listing of funds like XRPQ allows registered Canadian accounts—including RRSPs, TFSAs, and corporate accounts—to invest directly, simplifying tax reporting and enhancing accessibility.
Moreover, global qualified investors can also participate, subject to local regulations, making these ETFs a bridge between traditional finance and decentralized digital economies.
Key benefits include:
- Regulatory oversight ensuring transparency and investor protection
- Liquidity via real-time trading on a major stock exchange
- Security through institutional-grade custody and cold storage
- Diversification opportunities in high-growth digital assets
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Core Keywords Driving Market Interest
As interest in digital asset ETFs grows, several core keywords dominate search behavior and investor inquiries:
- XRP ETF Canada
- 3iQ XRPQ
- XRP investment options
- Crypto ETF AUM
- Ripple-backed ETF
- Digital asset funds
- TSX crypto ETFs
- Institutional crypto exposure
These terms reflect both retail curiosity and institutional due diligence. Content that naturally integrates these keywords—without forced repetition—ranks higher in search engines and better serves user intent.
For example, phrases like “largest XRP ETF in Canada” or “how to invest in XRP through TSX” align directly with what users are searching for, improving SEO performance while delivering value.
Frequently Asked Questions (FAQ)
What is the 3iQ XRP ETF (XRPQ)?
The 3iQ XRP ETF (TSX: XRPQ) is a regulated exchange-traded fund that provides indirect exposure to XRP by holding long-term positions in the cryptocurrency. It is listed on the Toronto Stock Exchange and available to Canadian and qualified international investors.
How does XRPQ differ from buying XRP directly?
XRPQ offers a regulated, custodied investment without the need for self-storage or wallet management. It integrates into traditional brokerage accounts, supports tax-advantaged accounts like TFSAs and RRSPs, and eliminates the security risks associated with direct crypto ownership.
Is Ripple involved in managing the ETF?
No. While Ripple was a seed investor in the fund, it does not manage or control XRPQ. The fund is independently managed by 3iQ Corp under strict regulatory oversight.
How are the XRP holdings secured?
All XRP assets backing the ETF are stored in standalone cold storage systems with multi-signature security protocols, ensuring protection against hacking and unauthorized access.
Can U.S. investors buy XRPQ?
Currently, the ETF is not available to U.S. investors due to regulatory restrictions. Securities have not been registered under the U.S. Securities Act of 1933 and cannot be offered or sold within the United States without compliance with applicable exemptions.
What fees are associated with XRPQ?
The fund charges a management fee of 0% for the first six months post-launch. After this period, standard fees will apply as outlined in the official prospectus.
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The Future of Digital Asset Investing
With over a decade of innovation behind it—including launching the world’s first Bitcoin and Ethereum ETPs on a major exchange and pioneering staking-integrated funds—3iQ continues to lead the charge in institutional digital asset adoption.
Backed by Monex Group since 2024, 3iQ combines Japanese financial discipline with North American fintech agility, creating products that meet rigorous compliance standards while delivering cutting-edge investment opportunities.
As more investors seek regulated pathways into crypto markets, ETFs like XRPQ represent a critical evolution: blending innovation with safety, accessibility with performance. For those looking to understand where digital finance is headed, Canada’s growing ETF ecosystem offers one of the clearest signals yet.
Whether you're a retail investor exploring your first crypto-linked fund or an institution evaluating portfolio diversification, the rise of funds like XRPQ signals a new era—one where digital assets are no longer fringe but foundational.