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Big Move For XRP: Ripple-Backed ETF Launches In Canada
- 3iQ Corp. launches XRP ETF, XRPQ, on the Toronto Stock Exchange with a 0% management fee for the first six months.
- XRPQ offers a convenient way for investors to access XRP without dealing with private wallets or unregulated platforms.
- XRPQ will store XRP coins in cold storage, ensuring security by keeping assets separate for each investor.
- The fund plans to acquire XRP from regulated sources like over-the-counter desks, similar to other digital asset funds for Bitcoin and Ether.
- Ripple has invested in the XRPQ ETF, signaling confidence in its structure and security despite past uncertainties around XRP in US courts.
- XRP has shown significant growth over the past decade, with its price surging approximately 10,700% from $0.02 in 2015 to $2.16 currently.
- Purpose Investments also launched an XRP ETF, XRPP, on the same day as XRPQ, offering investors a regulated path to XRP on the Toronto Stock Exchange.
- Multiple spot XRP ETF applications are awaiting approval from the US Securities and Exchange Commission, potentially receiving clearance by October 2025.
- While US investors wait for XRP ETF approvals, Canada leads in crypto-ETF innovation, exemplified by 3iQ's XRPQ debut with Ripple's support and a temporary zero management fee.
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