3iQ’s XRP ETF Smashes Canadian Market: $32M AUM in Record Time

XRP bulls just got a new playground—and it's printing money.

3iQ's freshly launched XRP ETF isn't just surviving its Canadian debut—it's eating the competition alive. With $32 million in assets under management (AUM) already locked in, the fund's traction screams one thing: institutional FOMO is real.

Why This Matters

Canada's crypto ETF scene just got a heavyweight contender. While traditional finance dinosaurs still debate 'blockchain vs. bubble,' 3iQ's move proves the smart money's already placing bets—with XRP as the dark horse.

The Bottom Line

Another win for crypto ETFs, another existential crisis for mutual fund managers charging 2% fees for sub-inflation returns. The revolution won't be centralized—but it will be traded on public markets.

3iQ ETF was introduced with an introductory offer of 0% management fees in the initial six months. It is one of the cheapest digital asset ETFs in North America. Ripple, the company behind the cryptocurrency XRP, was an early investor in the fund, which raised the profile and credibility of the fund.

This is not 3iQ’s first success. Back in April 2025, it launched the 3iQ solana Staking ETF (SOLQ), which became the largest Solana ETF in Canada within two days, raising CAD$90 million. That fund also attracted big investors like SkyBridge Capital.

The XRPQ ETF holds XRP in secure cold storage and is available for investment through registered Canadian accounts. Because it’s listed on the Toronto Stock Exchange (TSX), investors from other countries may also be able to buy it, depending on local rules.

Pascal St-Jean, 3iQ CEO, described that strong demand for XRP and Solana ETFs shows investors want safe, dependable ways of investing in digital assets. He believes 3iQ is best poised to lead the way in offering such innovative investment tools.

Also Read: SEC Approval Odds for SOL, DOGE, XRP ETFs Increases to 95%