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Breaking News: REX Shares Claims Its DOGE And XRP Spot ETFs Will Be Approved By US SEC Tomorrow
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Breaking News: REX Shares Claims Its DOGE And XRP Spot ETFs Will Be Approved By US SEC Tomorrow

Big Move For XRP: Ripple-Backed ETF Launches In Canada

Christian Encila
Christian Encila
3 months ago
3 mins read
XRP

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Canada’s 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.

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Based on reports, this move offers both retail and institutional clients a hands‑off way to own XRP without worrying about private wallets or unregulated platforms.

Building Trust Through Custody

According to the announcement, XRPQ will hold its XRP coins in cold storage, kept separate for each investor to cut down the chance of a hack.

The fund plans to buy XRP from regulated sources like over‑the‑counter desks. That setup mirrors what other digital‑asset funds do for Bitcoin and Ether.

We are excited to announce the launch of the 3iQ XRP ETF (TSX: XRPQ, XRPQ.U) — one of the first ETFs in North America to provide exposure to #XRP.

XRPQ debuts with a 0% management fee for the first six months, and @Ripple as an early investor in the fund.

“The launch of XRPQ… pic.twitter.com/me19RLAzJI

— 3iQ Digital Asset Management (@3iq_corp) June 18, 2025

Backing From Ripple

San Francisco’s Ripple has taken a stake in the new fund, according to reports. The company didn’t share how much it invested, but its support sends a strong message. It shows Ripple believes in XRPQ’s structure and security, even after years of uncertainty about XRP in the US courts.

Growth Of XRP Over A Decade

Data from 2015 to now shows that XRP’s price jumped to around 10,700%, climbing from $0.02 back then to $2.16 today.

That surge underscores why 3iQ’s CEO and President, Pascal St‑Jean, called this ETF “an easy way for Canadians and qualified investors overseas to tap into XRP’s growth.” He rang the TSX’s closing bell to mark the launch.

XRP is currently trading at $2.15. Chart: TradingView

Purpose Joins The Fray

Reports also disclose that Purpose Investments 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.

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Looking Ahead To US Approval

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 2025.

Until then, US investors will be watching from the sidelines, while Canada continues to lead in crypto‑ETF innovation.

With XRPQ’s debut, 3iQ highlights its mission of opening up digital assets in a regulated way. It’s a clear sign that more traditional markets are warming up to crypto.

And with Ripple’s backing and a zero‑fee for half a year, this new ETF could draw attention from anyone who wants XRP exposure without the usual hurdles.

Featured image from Pixabay, chart from TradingView

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Christian Encila
Christian Encila

Christian Encila

They say journalists never truly clock out. But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn.

Read more

Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats – a testament to his dedication to his furry companions (more on that later).

Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley!

So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill).

Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair.

Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin’ helps him analyze and write meticulously formatted articles even better.

Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies.

Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects.

So, the next time you tread into the world of cryptocurrency, remember the man behind the words – the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.

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Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

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Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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