Ripple-Backed 3iQ Launches North America’s First XRP ETF on TSX

In a landmark development for the cryptocurrency market, Canadian crypto asset manager 3iQ has launched North America's first XRP exchange-traded fund (ETF), now trading on the Toronto Stock Exchange under the tickers XRPQ and XRPQ.U. This ETF offers traditional investors a regulated and accessible way to gain exposure to XRP, the native token of the XRP Ledger, a blockchain known for its efficiency in facilitating fast and low-cost cross-border payments. The launch marks a significant milestone in the integration of digital assets into mainstream financial products, further solidifying XRP's position in the market. Ripple, the company behind XRP and the XRP Ledger, continues to drive innovation in the space, and this ETF is expected to attract substantial interest from institutional and retail investors alike. As of June 2025, this development underscores the growing acceptance and adoption of cryptocurrencies in traditional finance, paving the way for further advancements in the sector.

Ripple-Backed 3iQ Launches North America’s First XRP ETF on TSX

Canadian crypto asset manager 3iQ has introduced North America's first XRP exchange-traded fund (ETF), now trading on the Toronto Stock Exchange under the tickers XRPQ and XRPQ.U. The ETF provides traditional investors with a regulated avenue to gain exposure to XRP, the native token of the XRP Ledger, a blockchain renowned for facilitating fast, low-cost cross-border payments.

Ripple, the company behind XRP and the XRP Ledger network, is an early investor in the ETF, signaling institutional demand for XRP beyond crypto-native exchanges. The fund holds 100% spot XRP, sourced from regulated exchanges and over-the-counter desks, with assets stored in segregated cold wallets for enhanced security.

To attract initial investors, 3iQ is waiving management fees for the first six months. The ETF is available to registered Canadian investors, marking a significant milestone in the institutional adoption of digital assets.

Ripple's $438 Million XRP Transfer Triggers Market Volatility

XRP's price trajectory took a bearish turn after breaking below the $2.20 support level, settling NEAR $2.16 amid heightened market sensitivity. The movement follows Ripple's transfer of 438 million XRP tokens to an undisclosed wallet, sparking immediate liquidity concerns among traders.

Exchange reserves contracted by 3.31%, counterintuitively signaling diminished sell-side pressure rather than impending distribution. Decentralized platforms saw dramatic activity spikes, with DEX volume surging 770% within 24 hours as traders sought alternative venues.

Technical patterns reveal a symmetrical triangle formation between $2.08 support and $2.35 resistance. The 100-hour SMA currently acts as dynamic resistance, while reclaimed trendline support at $2.1550 suggests potential stabilization. Market participants await decisive breaks beyond Fibonacci levels at $2.2250 (50% retracement) or $2.2540 for directional confirmation.

XRP Advocate Warns Against Misinformation on Cold Wallet Security

Ripple's recent developments continue to stir the cryptocurrency community, with XRP advocate Edo Farina calling out dangerous misinformation about cold wallet storage. A self-proclaimed cybersecurity expert's claims that cold wallets constitute a "crypto scam" drew sharp criticism from Farina, who labeled the assertion as either profoundly ignorant or deliberately malicious.

Cold wallets like Ledger and Trezor maintain private keys offline, providing superior security compared to internet-connected hot wallets used by exchanges. Farina's warning highlights the critical distinction: cold wallets don't store crypto assets internally, but rather secure access to blockchain-based holdings. This clarification comes as exchange-based hot wallets remain vulnerable to hacking attempts and security breaches.

XRP Price Set for Breakout as Consolidation Phase Ends

XRP, after reaching an all-time high of $3.39 in January, has been trapped in a prolonged consolidation phase. Crypto analyst CasiTrades notes the token has now reached the apex of this zone, suggesting a major price movement is imminent.

The token began 2025 at $2.08, surged 44.8% to $3.39 in mid-January, then corrected sharply—losing 29% by early February. Since then, the market has flatlined: March saw a 2.52% dip, April gained 4.98%, and May slipped 0.80%. June remains stagnant with a 0.63% decline.

Key resistance sits at $2.25, tested repeatedly this month. A breakout could spark significant upside, while failure may see temporary dips to $2.01, $1.90, or even $1.55—levels CasiTrades describes as momentum zones rather than bearish territory.

Ripple's Legal Battle with SEC Sparks Speculation Over Lost Business Opportunities

Ripple's protracted legal confrontation with the U.S. Securities and Exchange Commission has fueled widespread speculation about its financial repercussions. Social media rumors suggest the company lost trillions in potential revenue, including a purported shift of JP Morgan's business to Coinbase. Unlike Ripple, Coinbase operates without the burden of an active lawsuit, granting it a competitive edge in the market.

Criticism has been directed at Judge Analisa Torres for extending deadlines in the case, with some XRP supporters calling for a corruption probe. Former SEC lawyer James Farrell countered these claims, noting Ripple's failure to cite lost business in court filings undermines the narrative. Ripple's argument for 'even footing' with unenjoined competitors highlights the legal disparity it faces.

The SEC's appeal and Ripple's cross-appeal remain in limbo, leaving the company's next moves uncertain. The outcome could reshape Ripple's position in the cryptocurrency landscape, particularly for XRP.

Ripple Lawsuit Awaits Critical Ruling as Speculation Mounts

The protracted legal battle between Ripple Labs and the U.S. Securities and Exchange Commission enters a pivotal phase as Judge Analisa Torres retains full discretion to issue a ruling on the joint motion at any moment. Market participants anticipating a resolution should disregard rumors of an August 15 deadline—this date merely marks a procedural requirement for the SEC's status report, not a judicial decision point.

Former SEC enforcement chief Marc Fagel has clarified the court's flexible timeline, noting the absence of formal delays. The recent joint filing requesting a temporary pause in appeal proceedings has intensified scrutiny of this landmark case, which could establish crucial precedent for cryptocurrency regulation. Legal observers note the ruling's potential to trigger significant volatility in XRP markets across major exchanges including Binance, Coinbase, and Bitget.

The financial technology sector watches closely as this decision may clarify whether digital assets constitute securities under U.S. law—a determination with far-reaching implications for blockchain innovation. Market makers remain on alert for sudden price movements, as the court maintains capacity to deliver its verdict without advance warning.