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Canada’s 3IQ XRP ETF Surpasses $50 Million in Assets Under Management Within a Month of Its Launch
Canada’s largest XRP-focused exchange-traded fund (ETF), overseen by 3IQ, has swiftly exceeded $50 million in assets under management merely weeks after its launch on June 18.
Key Takeaways:
- 3IQ’s XRP ETF has surpassed $50 million in assets in a matter of weeks.
- This ETF is among the first publicly traded XRP investment vehicles in North America.
- Bloomberg analysts currently estimate a 95% likelihood of approval for an XRP spot ETF in the US.
The fund, identified as XRPQ and XRPQ.U on the Toronto Stock Exchange, is drawing in investors with its zero management fees during the initial six-month phase, as stated in a Monday press release from 3IQ.
This ETF offers direct exposure to XRP, with assets obtained solely from regulated trading platforms and over-the-counter counterparties.
One of North America’s Initial Publicly Traded XRP Investment Options
3IQ’s XRP ETF is notable as one of the first publicly traded options in North America that provides access to XRP.
As reported, the fund also gathered CAD 23 million ($16.7 million) in assets under management within just 72 hours of its introduction.
XRPQ launched with significant momentum, bolstered by a six-month 0% management fee and direct investment from Ripple itself.
3IQ President and CEO Pascal St-Jean highlighted this achievement as indicative of increasing investor sophistication.
“Retail and institutional investors are becoming more selective with their allocations, opting for this asset that combines the flexibility of exchange-traded funds with the 0% management fee at launch, contrasting with the higher premiums that characterized earlier digital asset ETFs.”
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Assets within the XRPQ fund are stored in fully segregated cold storage, ensuring strong security for investors.
The ETF is also available for registered accounts throughout Canada and accessible to international investors where regulations permit.
We are pleased to announce that our XRP ETF (TSX: XRPQ, XRPQ.U), Canada’s largest #XRP ETF, has amassed over 50 million USD in client assets since its launch on June 18th.
“This significant milestone for our XRP ETF reflects the ongoing strong interest in these assets and… pic.twitter.com/rpi3BmwE3W— 3iQ Digital Asset Management (@3iq_corp) July 14, 2025
On June 11, VivoPower, a publicly traded company, revealed a partnership with the Flare blockchain to generate yield from its XRP holdings.
This development may suggest that institutional players are exploring methods to utilize their crypto assets without liquidating them.
In May, VivoPower also allocated $121 million in XRP as a strategic reserve, becoming the first company globally with an XRP-focused treasury.
XRP ETF Approval Likelihood Increases to 95%
As reported, Bloomberg analysts now estimate the chances of an XRP spot ETF approval at 95%, igniting renewed speculation regarding institutional capital inflows and a possible change in crypto market dynamics.
The SEC has already recognized XRP’s 19b-4 filings, with a final decision anticipated by October 17, 2025.
Last week, US-based spot Bitcoin ETFs experienced over $1 billion in inflows for two consecutive days.
On Friday, 11 spot Bitcoin ETF products reported total inflows of $1.03 billion, following $1.17 billion the day before.
Recently, BlackRock disclosed earning more revenue from IBIT than from its flagship iShares Core S&P 500 ETF.
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