XRPQ is the ticker symbol for the new 3iQ XRP ETF launched on the Toronto Stock Exchange, offering investors regulated exposure to XRP. This Canadian-listed fund is the first of its kind in North America, marking a major development for institutional crypto access.
What is XRPQ and how does it work?
XRPQ is a spot XRP Exchange-Traded Fund (ETF) issued by 3iQ Digital Asset Management. It directly holds XRP tokens, allowing investors to gain exposure to XRP price movements without managing wallets or private keys.
Listed on the TSX under XRPQ (CAD) and XRPQ.U (USD)
Custodied by Coinbase via cold storage
Accessible via registered Canadian accounts like TFSA and RRSP
The ETF is structured for long-term capital appreciation, targeting retail and institutional investors.
Who is behind XRPQ and what makes it different?
3iQ has a strong track record in crypto ETFs, having previously launched Canada's first Bitcoin and Ethereum funds. XRPQ continues that legacy by:
Offering 0% management fees for the first six months
Being backed by Ripple, the company behind the XRP Ledger
Operating within Canada's progressive crypto regulatory framework
This combination of regulatory clarity and institutional backing positions XRPQ as a credible entry point for XRP exposure.
How did the market react to XRPQ's launch?
XRPQ began trading on June 18. 2025. alongside other XRP ETFs from Purpose Investments and Evolve Funds. The 3iQ team marked the occasion with a TSX closing bell ceremony.
While XRP's price dipped slightly post-launch, analysts view this as a "sell-the-news" reaction. The bigger story is the opening of a regulated gateway for XRP investment ahead of similar developments in the U.S.
What does XRPQ mean for global ETF markets?
Canada’s launch of XRP ETFs highlights its regulatory edge. In contrast, U.S. applications—such as Franklin Templeton’s spot XRP ETF—remain under review by the SEC. Coinbase’s legal chief called Canada’s move a sign of global leadership.
XRPQ could influence other jurisdictions to fast-track similar products, especially if it sees strong inflows and trading volume.
Conclusion:
XRPQ is more than just a fund—it’s a landmark moment for regulated crypto investment. With institutional custody, strategic backing, and retail accessibility, XRPQ brings XRP one step closer to becoming a standard digital asset in traditional portfolios.
