Canada’s XRP ETF Achieves Milestone of $50 Million in Just Weeks
In a remarkable turn of events for cryptocurrency enthusiasts, Canada’s largest XRP-focused Exchange-Traded Fund (ETF), managed by 3IQ, has captured the attention of investors by swiftly amassing over $50 million in assets just weeks after its launch on June 18. This development marks a significant milestone in the cryptocurrency investment landscape, highlighting the increasing acceptance and demand for digital asset investment vehicles.
Key Highlights that You Need to Know
– **Rapid Asset Growth**: 3IQ’s XRP ETF has surpassed $50 million in assets under management in mere weeks.
– **Pioneering Investment Vehicle**: This ETF is one of North America’s first publicly traded options for XRP.
– **Future Outlook**: Bloomberg analysts currently estimate a 95% likelihood of a spot ETF approval for XRP in the United States.
The ETF, trading under the symbols XRPQ and XRPQ.U on the Toronto Stock Exchange, is drawing in investors with its enticing promotional offer of zero management fees for the first six months. This initial phase is designed to encourage participation and lower the barriers to entry for both retail and institutional investors.
Direct Exposure to the World of XRP
With an aim to simplify access to XRP investments, 3IQ’s ETF provides direct exposure to the digital asset. The holdings are sourced exclusively from regulated trading platforms and reliable over-the-counter transactions, ensuring a trustworthy investment environment. Upon its unveiling, the ETF showcased impressive momentum, accumulating CAD 23 million (or approximately $16.7 million) within just the first 72 hours. This early success can be attributed to the combined factors of a zero percent management fee and direct investment from Ripple itself.
Why This Matters: The Changing Investment Landscape
This rapid growth isn’t just a win for 3IQ; it signals a broader shift in investor sentiment towards cryptocurrencies. Pascal St-Jean, the President and CEO of 3IQ, emphasized the importance of this milestone, declaring it a testament to the increasing sophistication of retail and institutional investors. They are now making more calculated decisions, favoring crypto assets that not only offer the flexibility of traditional ETFs but also competitive fee structures that differentiate them from earlier digital asset ETFs that often had high premiums.
Uncompromised Security for Investors
Investors can participate in the XRPQ fund with peace of mind, knowing their assets are secured in fully segregated cold storage. This method of asset protection is crucial in the world of digital currencies, providing investors with robust security against potential cyber threats. Furthermore, the ETF is accessible for registered accounts throughout Canada and opens up opportunities for international investors where regulations allow.
We are proud to announce that our XRP ETF (TSX: XRPQ, XRPQ.U), Canada’s largest #XRP ETF, has accumulated over 50 million USD in client assets since its launch on June 18th. “This significant milestone for our XRP ETF shows the continuing strong interest in these assets and… pic.twitter.com/rpi3BmwE3W— 3iQ Digital Asset Management (@3iq_corp) July 14, 2025
Institutional Interest in XRP: A New Era?
Further highlighting the growing institutional interest in XRP, VivoPower, a publicly traded company, announced a collaboration with the Flare blockchain aimed at generating yields from its XRP holdings. This venture is indicative of a trend where institutional players seek innovative strategies to leverage their cryptocurrency assets without outright liquidation. In a bold move, VivoPower also invested $121 million in XRP as a strategic reserve, positioning itself as the first company globally to establish an XRP-focused treasury.
Expert Opinions: Spot ETF Approval on the Horizon?
The anticipation for the approval of a spot XRP ETF in the U.S. has reached a fever pitch. Bloomberg analysts believe there is a staggering 95% chance that the Securities and Exchange Commission (SEC) will approve such a product, a possibility that could significantly alter the dynamics of the crypto market. The SEC has acknowledged XRP’s Form 19b-4 filings, with a final decision expected around October 17, 2025. This potential green light could lead to sizable institutional investments comparable to the recent inflows seen with Bitcoin ETFs, which recently recorded an impressive $1 billion in inflows over two consecutive days.
Future Outlook: What Lies Ahead for XRP Investors?
As the cryptocurrency ecosystem continues to evolve, both retail and institutional investors are keeping a close watch on developments surrounding proposed spot ETFs. Should XRP receive approval, the anticipated influx of capital could catalyze a new phase of growth for the asset. The momentum evident in Bitcoin ETFs, combined with the favorable developments for XRP, suggests that we may be standing on the precipice of a new wave of mainstream adoption of cryptocurrency investment vehicles.
Conclusion: Join the Conversation!
The rapid success of 3IQ’s XRP ETF highlights a key shift toward greater acceptance and integration of cryptocurrency in mainstream finance. As we witness increasing interest from both private and institutional investors, there’s no doubt that the landscape is evolving. What are your thoughts on the future of XRP and crypto ETFs as they gain traction? Join the discussion below!