3iQ Shakes Up Crypto: Canada’s Largest XRP ETF Launch Cements Market Dominance

Breaking the mold—again. 3iQ just dropped Canada’s biggest XRP ETF, and the market’s scrambling to keep up.

Why it matters: Institutional players are doubling down on XRP despite regulatory whiplash. Guess someone’s betting the SEC’s war on crypto won’t stick.

The punchline? While traditional finance debates ‘blockchain vs. legacy systems,’ 3iQ’s move screams one thing: adapt or get left behind.

Bonus cynicism: Because nothing says ‘financial revolution’ like repackaging crypto into Wall Street’s favorite wrapper—the ETF. How… traditional.

TLDR

• XRPQ hits C$32M AUM in 3 days.
• 3iQ launches Canada’s biggest XRP ETF.
• XRPQ offers secure, regulated XRP exposure.
• Follows SOLQ’s fast success on TSX.
• 3iQ leads in crypto-focused ETFs.

The 3iQ XRP ETF (XRPQ) has become Canada’s largest XRP-focused exchange-traded fund just three days after its TSX debut. The fund rapidly secured C$32 million in assets under management, marking a major entry into the digital asset ETF space. With competitive pricing and institutional support, XRPQ positions 3iQ as a clear leader in token-specific ETFs.

XRPQ Achieves Rapid Success on TSX

3iQ launched the XRPQ ETF on the Toronto Stock Exchange last week with zero management fees for the first six months. The fund offers indirect exposure to XRP, one of the top digital assets by global market capitalization. It gained momentum quickly, accumulating C$32 million in assets within 72 hours.

This early milestone cements XRPQ as the largest XRP ETF in the Canadian market to date. It holds only long-term XRP positions sourced through regulated platforms and OTC partners. This structure enables broad access while ensuring secure and compliant custody standards.

The ETF is backed by Ripple, which participated as a seed investor, bringing added institutional weight to the product. XRPQ provides exposure to XRP without requiring users to handle or store the token directly. As a result, both retail and institutional segments can access the fund through registered accounts and brokerages.

Solana ETF Set the Stage for XRPQ Momentum

XRPQ follows a similar trajectory to the 3iQ solana Staking ETF (SOLQ), which launched in April 2025. SOLQ quickly became Canada’s largest Solana ETF, reaching C$90 million in AUM within two trading days. That ETF attracted institutional capital, including from SkyBridge Capital.

Both funds reflect strong market appetite for token-specific ETFs backed by cold storage custody and regulated platforms. While SOLQ introduced staking features, XRPQ focuses on direct long-hold strategies through institutional-grade platforms. This approach appeals to those seeking regulated exposure without complex on-chain requirements.

3iQ structured each ETF to operate within familiar regulatory frameworks while offering access to emerging crypto assets. With consistent product design and global reach, the firm reinforces its position as a market pioneer in digital asset fund management. Strong demand for both ETFs highlights growing interest in regulated digital asset exposure.

3iQ Expands Reach Through Regulated Access

XRPQ’s cold-stored assets ensure security, while its TSX listing allows for broad access across global financial networks. Canadian-registered accounts can hold XRPQ, and qualified international entities may also participate based on local rules. The product design balances accessibility with institutional-grade safeguards.

3iQ has focused on providing compliant investment options for the evolving digital asset sector. It launched Bitcoin and ethereum ETFs early and later integrated staking into Solana and Ethereum products. The firm also developed QMAP, a managed platform tailored for hedge fund access to crypto.

In 2024, Monex Group acquired a majority stake in 3iQ, expanding its global footprint. With that backing, 3iQ continues developing advanced financial products to meet demand for token-based investment tools. Its consistent success with XRPQ and SOLQ confirms its role as a leading digital asset ETF issuer.