“Toronto Stock Exchange Lists New XRP ETF, XRPQ, Introduced by 3iQ.”

3iQ Debuts XRP ETF on Toronto Stock Exchange with Zero Fees for Initial Period

Crypto asset management firm 3iQ has unveiled a new exchange-traded fund (ETF) dedicated to XRP, now trading on the Toronto Stock Exchange (TSX) under the ticker XRPQ, the company announced Wednesday.

The 3iQ XRP ETF (TSX: XRPQ) will start with a 0% management fee for its first six months, aiming to attract both Canadian investors and qualified global participants, subject to local regulations. The fund can be held in registered accounts in Canada, offering a tax-efficient option for exposure to the digital asset, according to a press release.

Earlier this week, asset manager Purpose Investments also announced it would begin trading its own spot XRP ETF on the TSX under the ticker XRPP, highlighting growing interest in XRP-focused investment vehicles.

3iQ is no stranger to the crypto ETF scene, having been one of the first firms to list a Bitcoin fund on the TSX and pioneering the first publicly traded ether fund in Toronto. Notably, Ripple, the company behind the XRP token, has invested in 3iQ’s XRPQ fund, though the size of that stake has not been disclosed.

“XRP has shown remarkable growth potential over the past decade, and this innovative product offers Canadian and global investors a transparent, low-cost, and tax-efficient path to gain secure exposure to that opportunity,” said Pascal St-Jean, president and CEO of 3iQ.

He added that Ripple Labs’ involvement reflects a shared commitment to advancing the digital asset ecosystem.

To mark the occasion, the 3iQ team is scheduled to ring the closing bell on the TSX trading floor later today, the company said.