Catenaa, Tuesday, July 22, 2025-Canada’s largest XRP-focused exchange-traded fund, managed by 3IQ, has surpassed $50 million in assets under management (AUM) just weeks after its June 18 debut, marking a rapid adoption by retail and institutional investors, a media release said.
The XRP ETF, trading under ticker symbols XRPQ and XRPQ.U on the Toronto Stock Exchange, provides direct exposure to XRP through holdings sourced solely from regulated platforms and over-the-counter counterparties.
The fund attracted CAD 23 million ($16.7 million) in its first 72 hours, supported by a six-month zero management fee offer.
3IQ President and CEO Pascal St-Jean noted the milestone reflects growing investor sophistication and preference for flexible, cost-effective digital asset vehicles.
The ETF is available in registered accounts across Canada and open to compliant international investors. Assets are secured in fully segregated cold storage to ensure investor protection.
The strong interest in XRP comes amid rising optimism over potential U.S. regulatory approval. Bloomberg analysts now place the odds of an XRP spot ETF approval at 95%, with a final U.S. Securities and Exchange Commission decision expected by October 17, 2025.
This development follows broader institutional engagement with XRP, including VivoPower’s $121 million strategic reserve investment and its partnership with the Flare blockchain to generate yield from XRP holdings.
XRP’s growing institutional acceptance mirrors recent trends in crypto ETFs, as U.S.-based spot Bitcoin ETFs recently recorded inflows exceeding $1 billion for two consecutive days, signaling strong appetite for regulated crypto investment products.
