Ripple-Backed 3IQ XRP ETF Launches as Institutions Race to Capture Crypto’s Next Wave

3IQ’s XRP ETF launch opens broad institutional access to XRP, backed by Ripple, secured with cold storage, and offered with zero management fees, positioning it strongly in the expanding crypto ETF market.

3IQ Unleashes XRP ETF With Ripple Backing

Digital asset manager 3IQ Corp. announced on June 18 the launch of the 3IQ XRP ETF (TSX: XRPQ, XRPQ.U), introducing an exchange-traded fund (ETF) in North America dedicated to providing exposure to XRP. 3IQ, founded in 2012, has established itself as one of the world’s leading alternative digital asset managers, developing institutional-grade solutions for regulated crypto investing. This marks a significant addition to 3IQ’s expanding suite of regulated crypto investment products.

The ETF, which commenced trading on the Toronto Stock Exchange (TSX), opens with a six-month waiver on management fees and aims to offer investors a cost-effective vehicle for long-term exposure to XRP. The ETF exclusively invests in XRP obtained from credible exchanges and OTC platforms, with assets held in secure cold storage. Ripple, a major blockchain infrastructure firm, is an early investor in the fund, reinforcing its relevance within the institutional digital asset space. In describing the ETF, the company stated:

XRPQ is one of the first exchange-traded funds (ETFs) in North America to provide investors with exposure to XRP, the third-largest digital asset by market capitalization.

3IQ President and CEO Pascal St-Jean highlighted the product’s appeal: “ XRP has demonstrated significant growth potential over the past decade, and this groundbreaking strategy offers Canadian and qualified global investors a transparent, low-cost and tax-efficient way to securely access that opportunity.” This development follows 3IQ’s successful rollout of the Solana-focused SOLQ ETF earlier this year, which has already surpassed $120 million in assets under management. The XRP ETF continues this momentum, aligning with 3IQ’s strategy of pioneering regulated, first-of-their-kind digital asset investment solutions.

On June 18, two other XRP ETFs—Evolve XRP ETF and Purpose XRP ETF—also began trading on the TSX. Despite ongoing regulatory challenges in some jurisdictions, the emergence of regulated XRP vehicles suggests growing confidence and demand for structured crypto exposure. Proponents of digital assets argue that such developments demonstrate the viability of crypto investments within traditional financial ecosystems.