Canada’s Largest XRP ETF Hits Big Numbers Within First Month

In just under a month since its official launch, 3iQ’s XRP ETF has achieved a major milestone, surpassing $50 million in client assets. Traded under the tickers XRPQ and XRPQ.U on the Toronto Stock Exchange, the fund has become the largest XRP-focused ETF in Canada. The fund launched on June 18 and quickly positioned itself as a competitive offering in the Canadian market. The rapid inflow of assets highlights an important trend, which is the growing demand for regulated exposure to XRP among both institutional and retail investors. The Mass Appeal for XRP ETFs in Canada In its official post on X, 3iQ highlighted comments from Pascal St-Jean, President and CEO of the company, who pointed to the ETF’s structure as a key factor in its strong early performance. He said the achievement “shows the continuing strong interest in these assets” and reflects how investors are making more selective choices when allocating capital. Its standout feature, a 0% management fee for the first six months, has also been central to its early success. The ETF is also eligible for tax-advantaged accounts in Canada, including TFSA and RRSP, broadening its appeal to a wider segment of investors. By combining the transparency and accessibility of an exchange-traded fund with zero management fees at launch, this ETF differentiates itself from earlier digital asset products that often came with high costs and limited liquidity. We are proud to announce that our XRP ETF (TSX: XRPQ, XRPQ.U), Canada’s largest #XRP ETF, has accumulated over 50 million USD in client assets since its launch on June 18th. “This significant milestone for our XRP ETF shows the continuing strong interest in these assets and… pic.twitter.com/rpi3BmwE3W — 3iQ Digital Asset Management (@3iq_corp) July 14, 2025 We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 The Race for a U.S.-Based XRP ETF The launch of XRPQ comes at a time when market participants are increasingly looking at blockchain-based assets not just for speculative gains, but also for portfolio diversification. Recent activity in the U.S. suggests a heated regulatory race to launch XRP-related exchange‑traded products. Asset managers, including ProShares, Franklin Templeton , Grayscale, and more, have filed with the SEC to introduce spot XRP ETFs, with several key deadlines approaching. Grayscale has also made notable strides in its attempt to convert its Digital Large Cap Fund, which includes XRP, into a spot ETF. While the SEC recently halted the process, Grayscale has revealed that it is working with key stakeholders to meet the SEC’s requirements and launch the product . While the U.S. lacks a dedicated spot XRP ETF, Canada has taken a leadership position, and the interest shown in 3iQ’s offering proves that investors are willing to engage with spot XRP ETFs. The strong debut of XRPQ could influence how future digital asset ETFs are structured, and may also affect future regulation that makes ETF launches easier. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post Canada’s Largest XRP ETF Hits Big Numbers Within First Month appeared first on Times Tabloid .

Source: TimesTabloid