3iQ Dominates XRP Market With Canada’s Biggest XRP ETF Launch

The XRP market in Canada just saw a major development. 3iQ, a digital asset investment firm, launched XRPQ, now the Canada’s Biggest XRP ETF Launch, after securing C$32 million in assets within just three days of trading on the Toronto Stock Exchange (TSX).

 

XRPQ Becomes Canada’s Largest XRP ETF

XRPQ debuted on the TSX last week and quickly made headlines by reaching C$32 million in assets under management (AUM) within 72 hours. This rapid rise makes it the largest XRP exchange-traded fund currently available in Canada. The fund is designed to give both retail and institutional investors indirect, regulated access to XRP, the fourth-largest digital asset by market capitalization, without needing to handle or custody the token directly.

The product’s competitive edge includes a 0% management fee for the first six months, which contributed to its fast uptake. XRPQ invests solely in long-term XRP positions acquired through regulated trading platforms and over-the-counter (OTC) partners, ensuring security and compliance.

 

Ripple Backing and Institutional Design

Adding further credibility, Ripple, the company behind XRP, was an early seed investor in the ETF. Its involvement signals institutional confidence in the fund’s structure and target market. XRPQ’s assets are stored in cold storage, and the ETF complies with Canadian regulatory frameworks, making it eligible for registered investment accounts across the country. International investors may also gain access depending on local investment regulations.

Unlike staking-focused crypto ETFs, XRPQ is built around a long-hold model. Its design suits investors looking for digital asset exposure without the complexity of on-chain transactions or private wallet management.

 

Follows Momentum From SOLQ Success

XRPQ’s fast rise closely mirrors the earlier performance of 3iQ’s Solana Staking ETF (SOLQ), launched in April 2025. That product quickly amassed C$90 million in AUM and attracted major institutional investors, including SkyBridge Capital. SOLQ introduced staking features for SOL, while XRPQ takes a simpler route, focusing on long-term positions.

Despite the difference in structure, both funds follow a common theme: offering token-specific exposure under regulated conditions with institutional-grade custody. This consistency has helped 3iQ establish itself as a trusted name in the Canadian digital asset ETF space.

 

Expanding Access Through Regulated Pathways

3iQ has a track record of launching innovative digital asset products, including early Bitcoin and Ethereum ETFs. The firm’s approach balances accessibility and compliance, providing products that fit within traditional financial systems while offering exposure to new asset classes.

With XRPQ, 3iQ expands its global footprint. The ETF is listed on the TSX and available to a wide range of qualified investors. The firm has also continued to develop platforms like QMAP, targeting crypto hedge fund access, and is backed by Monex Group, which acquired a majority stake in 2024.

 

What Comes Next for XRP ETFs?

The success of XRPQ arrives amid growing interest in crypto ETFs more broadly. While this fund currently leads the Canadian market, the U.S. Securities and Exchange Commission has launched a comment period for other proposed XRP ETFs, including one from Franklin Templeton. Analysts view the SEC’s move as a positive step, though formal approvals in the U.S. are still pending.

As of now, XRPQ stands out as a key offering in North America for investors seeking exposure to XRP through a traditional investment vehicle.

 

Looking Ahead

With XRPQ, 3iQ has firmly positioned itself at the forefront of crypto ETF innovation in Canada. The fund’s rapid C$32 million milestone, combined with its regulated structure and Ripple’s early support, underscores growing demand for safe and structured access to digital assets. Whether for retail investors or institutions, XRPQ provides a bridge to XRP without the complications of direct token management, reinforcing 3iQ’s lead in the evolving ETF landscape.