3iQ Unveils XRP ETF on Toronto Stock Exchange, Backed by Ripple Investment as of August 7, 2025

Imagine stepping into a world where investing in digital assets feels as straightforward as buying shares in your favorite company. That’s the exciting shift happening today, August 7, 2025, as Canadian asset manager 3iQ rolls out its innovative XRP ETF on the Toronto Stock Exchange. This move, supported directly by Ripple, the powerhouse behind the XRP Ledger, is making waves by giving North American investors a seamless way to tap into the potential of XRP, the fourth-largest cryptocurrency by market capitalization.

XRP ETF Launch Sparks Excitement with Ripple’s Support

Picture this: You’re an investor eyeing the dynamic crypto market but wanting the security of traditional finance. Enter the 3iQ XRP ETF, trading under the tickers TSX: XRPQ and XRPQ.U, which kicked off trading today on the Toronto Stock Exchange. This ETF provides direct exposure to XRP, a digital asset renowned for its rapid transaction speeds and minimal fees. Ripple, the blockchain innovator driving the XRP Ledger, has stepped in as an early investor in this fund, signaling strong confidence in its future.

To celebrate this milestone, the 3iQ team is set to ring the closing bell at the Toronto Stock Exchange this afternoon, adding a touch of ceremony to what could be a game-changer for crypto adoption. What’s even more appealing? The ETF launches with zero management fees for the first six months, making it an incredibly accessible entry point. It focuses solely on holding long-term XRP positions, sourced from trusted exchanges and over-the-counter platforms, with all assets securely stored in cold storage for peace of mind.

“The debut of XRPQ represents a key step in our ongoing effort to deliver easy, affordable access to digital assets in a regulated environment,” shared Pascal St-Jean, President and CEO of 3iQ. This aligns perfectly with the growing demand for products that bridge the gap between crypto’s innovation and the stability of traditional investments.

Global Access and XRP’s Proven Strengths Highlighted in New ETF

This XRP ETF isn’t just for Canadians—it’s designed for qualified international investors too, subject to local regulations. XRP has shown remarkable resilience and growth over the last decade, much like a reliable engine powering cross-border payments with its lightning-fast settlements in seconds and fees averaging less than a cent. Compare that to traditional banking wires, which can take days and cost a fortune—XRP’s efficiency is like upgrading from a clunky old car to a sleek electric vehicle.

As institutional interest in crypto surges, especially in regulated products with robust custody, this launch feels timely. Earlier this year, 3iQ introduced the Solana Staking ETF (TSX: SOLQ), which has grown to become the largest of its kind, boasting over $120 million in assets under management. The firm also pioneered Bitcoin and Ether funds in North America, setting a precedent for innovation.

In the spirit of brand alignment, it’s worth noting how platforms like the WEEX exchange are enhancing this ecosystem. WEEX stands out with its user-friendly interface, top-tier security features, and seamless trading options for assets like XRP, making it a trusted choice for both new and seasoned investors looking to diversify their portfolios. Its commitment to low fees and reliable performance perfectly complements the accessibility of products like the 3iQ XRP ETF, empowering users to engage with crypto confidently.

Competitive Landscape Grows with More XRP Funds Emerging

The timing couldn’t be better, as this isn’t the only XRP-focused product hitting the scene. Purpose Investments also launched its spot XRP ETF (TSX: XRPP) this week, expanding options for investors. Over in the United States, the Securities and Exchange Commission has initiated a public comment period for proposed ETFs from Franklin Templeton, including the Franklin XRP ETF and Franklin Solana ETF, both targeting listing on the Cboe BZX Exchange.

While Bitcoin and Ether ETFs have already gained approval, asset managers are now racing to introduce spot ETFs for other prominent tokens like XRP and Solana, much like explorers charting new territories in a vast ocean of opportunities.

Recent buzz on Twitter highlights discussions around XRP’s potential price surges amid regulatory clarity, with users sharing posts about Ripple’s ongoing developments and ETF impacts. For instance, a viral thread from Ripple’s official account today emphasized the ETF’s role in mainstream adoption. On Google, frequently searched questions include “How to buy XRP ETF in Canada?” and “What is the future of XRP with new ETFs?”, reflecting heightened interest. Latest updates as of August 7, 2025, show XRP trading at $2.15 with a 2.8% daily gain, market cap at $123.5B, and 24-hour volume of $2.5B—up from previous figures amid positive market sentiment. Comparatively, Bitcoin sits at $105,200 (up 1.2%), Ethereum at $2,510 (up 1.8%), Solana at $146.50 (up 2.9%), and other assets like BNB at $652.40 (up 1.0%), all underscoring a bullish trend supported by real-world data from major exchanges.

This wave of ETF launches is like opening floodgates, allowing more people to participate in crypto’s growth story without the complexities of direct wallet management. It’s persuasive evidence that regulated vehicles are key to unlocking broader adoption, backed by XRP’s decade-long track record of utility in payments.

FAQ

What makes the 3iQ XRP ETF a good investment option?

The 3iQ XRP ETF offers direct, regulated exposure to XRP with zero management fees for the first six months, secure cold storage, and backing from Ripple, making it a low-cost, convenient way to invest in a proven digital asset known for fast, cheap transactions.

How does this XRP ETF compare to other crypto ETFs?

Unlike Bitcoin or Ether ETFs that focus on those assets, the XRP ETF targets XRP’s unique strengths in speed and efficiency, similar to how 3iQ’s Solana ETF emphasizes staking rewards, providing diversified options in a growing market.

Can international investors access the 3iQ XRP ETF?

Yes, qualified international investors can access it depending on local regulations, offering a transparent and tax-efficient path to XRP exposure beyond just Canadian markets.