Canadian Asset Manager 3IQ has launched a new ETF dedicated to XRP for North American users. The 3IQ XRP ETF (XRPQ) has now started trading with the Toronto Stock Exchange (TSX), which offers investors direct exposure to the Market Cap’s fourth largest digital asset.
Ripple, the blockchain company behind the XRP Ledger and the XRP (XRP) Cryptocurrency, is an early investor in fund, 3iq Says In a Wednesday announcement. To mark the occasion, the 3IQ team will be closing the TSX bell closing this afternoon.
ETF debuts with a six -month 0% management fee. It invested exclusively in the long-term XRP positions obtained from reputable exchanges and OTC platforms, along with all the handles hidden in cold storage, each announcement.
“The launch of the XRPQ marks another milestone on our mission to provide convenient, effective access to digital assets within a regulated framework,” said Pascal St-Jean, President and CEO of 3IQ.
Related: New ETF applications can signal ‘Altcoin Tag -inin’
New XRP ETF is available to global investors
XRPQ is available to Canadian investors through registered accounts and accessible to qualified international investors, depending on local policies.
“The XRP has shown significant potential growth over the past decade, and this groundbreaking strategy has offered Canada and qualified global investors a transparent, cheap value and great tax to safely access that opportunity,” St-Jean added.
Launching came as institutional appetite of crypto exposure continues to grow, especially in products with regulatory clarity and safe caution structures.
Earlier this year, 3IQ Solana Staking ETF launched. According to the company, the fund is now the largest Solana (Sol) ETF, with over $ 120 million in possessions under management. 3iq also first launched bitcoin (Btc) and ether (Eth) funds in the North American country.
Related: Trump S-1 Social File Facts for Dual Bitcoin and Ether ETF
Many more XRP funds hit markets
3IQ’s latest ETF comes next to another XRP focused Launch From goal investments, which also started trading the XRP ETF area this week.
The US Securities and Exchange Commission has opened a public comment period For two suggested ETFs from Franklin Templeton, including Franklin XRP ETF and the Franklin Solana ETF, both aimed at listing the CBOE BZX exchange.
Though Bitcoin and ether etf Approved, companies are now competing to launch the first ETF areas for other major tokens, including XRP and Solana.
Magazine: Older investors are at risk for a crypto -funded retirement
