First $XRP Spot ETF debuts on Toronto Exchange

Canada received the first XRP Spot ETF on the Toronto Stock Exchange (TSX). On June 18, 2025, 3iQ finally launched its final XRPQ ETF, enabling investors to gain exposure to XRP easily. 

This launch makes 3iQ the first firm in North America to offer an XRP Spot ETF, and it’s a massive milestone for the XRP community.

What Is XRPQ?

XRPQ (tickers: XRPQ and XRPQ.U) is a new exchange-traded fund built to track the price of XRP. It is for long-term investors who want to hold XRP without managing keys or worrying about crypto storage. Here’s what makes it special:

• 0% management fee for the first six months
• All XRP holdings are in cold storage
• Available to Canadian investors and qualified global investors
• Supported by Ripple Labs, the company behind XRP

This means you get secure, cost-effective access to XRP—inside a familiar investment format.

Why This Matters

The XRP Spot ETF is not a new product; it is a symbol of crypto going mainstream. The listing of XRPQ on a regulated exchange, such as the TSX, offers retail and institutional investors an opportunity to engage in a safe and trusted method of investing in XRP.

In the words of Pascal St-Jean, 3iQ CEO, this approach will provide an opportunity to invest in the low-cost and tax-efficient means of realizing the potential of XRP. And the expansion has been actual. XRP price has been soaring as it has gone up by 10,800% since 2015 (currently worth more than $2.19 as of 2025).

Not 3iQ’s First Rodeo

Earlier this year, 3iQ also launched the Solana Staking ETF (SOLQ), which became the largest Solana ETF with $120 million in assets. Now, with XRPQ, they’re bringing the same trusted approach to another top digital asset.

Conclusion

The introduction of the XRP Spot ETF by 3iQ represents a significant step in the development not only of the crypto industry but also of conventional finance. It demonstrates the extent to which digital assets have advanced and how the world is prepared to invest in them securely. If you were bullish on XRP, this ETF has just made the ordeal a lot easier.

Disclaimer

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