
{"id":74733,"date":"2025-06-19T20:00:02","date_gmt":"2025-06-19T20:00:02","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=74733"},"modified":"2025-06-19T20:00:02","modified_gmt":"2025-06-19T20:00:02","slug":"big-move-for-xrp-ripple-backed-etf-launches-in-canada","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=74733","title":{"rendered":"Big Move For XRP: Ripple-Backed ETF Launches In Canada"},"content":{"rendered":"<p>Canada\u2019s Toronto Stock Exchange today saw a new entrant aimed at making XRP more accessible to investors. The 3iQ Corp. rolled out its spot-based XRP ETF, trading under the ticker XRPQ, with an introductory 0% management fee for the first six months.<\/p>\n<p>Based on <a href=\"https:\/\/www.fxstreet.com\/cryptocurrencies\/news\/xrp-stays-muted-amid-3iq-purpose-and-evolve-xrp-etfs-debut-in-canada-202506182110\" target=\"_blank\" rel=\"noopener\">reports<\/a>, this move offers both retail and institutional clients a hands\u2011off way to own XRP without worrying about private wallets or unregulated platforms.<\/p>\n<h2><strong>Building Trust Through Custody<\/strong><\/h2>\n<p>According to the <a href=\"https:\/\/www.3iq.io\/press-media\/3iq-launches-xrp-etf-xrpq-xrpq-u-offering-first-of-its-kind-access-to-xrp-in-north-america\" target=\"_blank\" rel=\"noopener\">announcement<\/a>, XRPQ will hold its XRP coins in cold storage, kept separate for each investor to cut down the chance of a hack.<\/p>\n<p>The fund plans to buy XRP from regulated sources like over\u2011the\u2011counter desks. That setup mirrors what other digital\u2011asset funds do for Bitcoin and Ether.<\/p>\n<p>We are excited to announce the launch of the 3iQ XRP ETF (TSX: XRPQ, XRPQ.U) \u2014 one of the first ETFs in North America to provide exposure to <a href=\"https:\/\/twitter.com\/hashtag\/XRP?src=hash&amp;ref_src=twsrc%5Etfw\">#XRP<\/a>.<\/p>\n<p>XRPQ debuts with a 0% management fee for the first six months, and <a href=\"https:\/\/twitter.com\/Ripple?ref_src=twsrc%5Etfw\">@Ripple<\/a> as an early investor in the fund.<\/p>\n<p>\u201cThe launch of XRPQ\u2026 <a href=\"https:\/\/t.co\/me19RLAzJI\">pic.twitter.com\/me19RLAzJI<\/a><\/p>\n<p>\u2014 3iQ Digital Asset Management (@3iq_corp) <a href=\"https:\/\/twitter.com\/3iq_corp\/status\/1935308764661342431?ref_src=twsrc%5Etfw\">June 18, 2025<\/a><\/p>\n\n<h2><strong>Backing From Ripple<\/strong><\/h2>\n<p>San Francisco\u2019s Ripple has taken a stake in the <a href=\"https:\/\/sherwood.news\/crypto\/second-xrp-etf-launches-on-canadian-stock-exchange-today\/\" target=\"_blank\" rel=\"noopener\">new fund<\/a>, according to reports. The company didn\u2019t share how much it invested, but its support sends a strong message. It shows Ripple believes in XRPQ\u2019s structure and security, even after years of uncertainty about XRP in the US courts.<\/p>\n<p><strong>Growth Of XRP Over A Decade<\/strong><\/p>\n<p>Data from 2015 to now shows that <a href=\"https:\/\/www.coingecko.com\/en\/coins\/xrp\" target=\"_blank\" rel=\"noopener\">XRP\u2019s price<\/a> jumped to around 10,700%, climbing from $0.02 back then to $2.16 today.<\/p>\n<p>That surge underscores why 3iQ\u2019s CEO and President, Pascal\u202fSt\u2011Jean, called this ETF \u201can easy way for Canadians and qualified investors overseas to tap into XRP\u2019s growth.\u201d He rang the TSX\u2019s closing bell to mark the launch.<\/p>\n<p><strong>Purpose Joins The Fray<\/strong><\/p>\n<p>Reports also disclose that <a href=\"https:\/\/www.manilatimes.net\/2025\/06\/18\/tmt-newswire\/globenewswire\/purpose-investments-launches-purpose-xrp-etf-adding-to-its-diverse-and-growing-suite-of-digital-asset-etfs\/2135603\" target=\"_blank\" rel=\"noopener\">Purpose Investments<\/a> launched its own XRP ETF, XRPP, on the same day. That makes two spot XRP ETFs now available on the same exchange. Both products aim to give investors a regulated path to XRP, but only time will tell which approach wins more fans.<\/p>\n<p><strong>Looking Ahead To US Approval<\/strong><\/p>\n<p>According to industry watchers, over 10 applications for a spot XRP ETF are currently waiting on the US Securities and Exchange Commission. Traders and managers predict a green light could come by October\u202f2025.<\/p>\n<p>Until then, US investors will be watching from the sidelines, while Canada continues to lead in crypto\u2011ETF innovation.<\/p>\n<p>With XRPQ\u2019s debut, 3iQ highlights its mission of opening up digital assets in a regulated way. It\u2019s a clear sign that more traditional markets are warming up to crypto.<\/p>\n<p>And with Ripple\u2019s backing and a zero\u2011fee for half a year, this new ETF could draw attention from anyone who wants XRP exposure without the usual hurdles.<\/p>\n<p><em>Featured image from Pixabay, chart from TradingView<\/em><\/p>","protected":false},"excerpt":{"rendered":"<p>Canada\u2019s Toronto Stock Exchange today saw a new entrant aimed at making XRP more accessible to investors. The 3iQ Corp. rolled out its spot-based XRP ETF, trading under the ticker XRPQ, with an introductory 0% management fee for the first six months. Based on reports, this move offers both retail and institutional clients a hands\u2011off [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":74734,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-74733","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/74733"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=74733"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/74733\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/74734"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=74733"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=74733"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=74733"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}