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3iQ Launches North America’s First XRP ETF with 0% Fee Intro

  • 3iQ has launched North America's first XRP ETF on the Toronto Stock Exchange with a 0% management fee for the first six months.
  • Ripple, the company behind XRP, is an early investor in the fund, showcasing institutional support for the digital asset.
  • The move aims to provide investors with a cost-efficient entry point to gain exposure to XRP.
  • Pascal St-Jean, 3iQ's President and CEO, sees the XRPQ fund launch as a milestone in offering regulated access to digital assets.
  • The XRP ETF enables traditional investors to track XRP's market performance without directly owning the asset.
  • 3iQ's XRP fund joins its existing crypto ETFs and closed-end funds, strengthening its position as a prominent digital asset manager in Canada.

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