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After just three days of trading on the Toronto Stock Exchange, the 3iQ XRP ETF (with the ticker XRPQ) has CAD$32 million in assets under management, making it Canada's largest XRP-focused exchange-traded fund.
XRPQ debuted last week with a 0% management fee for the first six months, making it one of the most competitively priced digital asset ETFs on the market. The ETF is among the first in North America to offer indirect access to XRP, the fourth-largest digital asset by market value. It only invests in long-term XRP holdings obtained from reputable digital asset trading platforms and over-the-counter counterparties, with Ripple among the seed investors at launch.
This achievement follows a similar one by another 3iQ ETF earlier this year. In April 2025, after only two days of trading, the 3iQ Solana Staking ETF had raised C$90 million from investors, making it Canada's largest Solana ETF in terms of assets under management.
XRP gains momentum
Global markets remain rattled by fresh uncertainty, causing volatility in digital assets. XRP was no exception, momentarily dropping below $2 before recovering.
That rebound has been aided by a large increase in futures demand, with nearly $3.96 billion in XRP derivatives changing hands, indicating renewed institutional interest in the asset.
ETF momentum is also growing, with the SEC launching a comment period on Franklin Templeton's proposed XRP ETF. Bloomberg analysts expect that the majority of crypto ETFs, including XRP, will be approved by the SEC. They see the SEC's engagement as a favorable signal, with XRP having a 90% chance of approval.
At press time, XRP was up 1.18% in the last 24 hours to $1.99, with traders now looking to see whether it can gain enough momentum to retest the next key resistance level at $2.14.
Vladislav Sopov
U.Today Editorial Team