The Canadian crypto market just took a major leap forward. On June 18, 3iQ officially launched the XRP ETF (XRPQ) on the Toronto Stock Exchange (TSX), making it one of the first exchange-traded funds in North America to provide direct exposure to XRP. The move signals growing institutional acceptance of Ripple’s native token and strengthens Canada’s position as a progressive hub for regulated crypto products.
What We Know About the XRP ETF
The XRPQ ETF (TSX: XRPQ, XRPQ.U) is a landmark initiative by 3iQ Digital Asset Management. It offers retail and institutional investors a regulated, cost-effective vehicle to gain exposure to XRP without the need to custody the asset themselves. According to the official announcement, the ETF:
- Offers 0% management fees for the first six months;
- Was launched with Ripple Labs as an early investor;
- Is expected to attract new capital into XRP through traditional financial channels.
Pascal St-Jean, CEO of 3iQ, emphasized the importance of the listing:
“This launch marks another milestone in our mission to provide investors with convenient, cost-effective access to digital assets.”
Why This Matters for Ripple
The listing couldn’t come at a better time for Ripple. While the SEC lawsuit continues to create legal uncertainty in the U.S., Canada’s approval of an XRP ETF sends a clear message: there is demand for regulated exposure to XRP beyond U.S. borders.
Ripple’s involvement in the ETF also hints at broader institutional partnerships to come. This could act as a confidence booster for XRP supporters while offering much-needed legitimacy in the eyes of mainstream investors.
Market Reaction and XRP Price Analysis
Despite the ETF debut, XRP’s price has remained relatively stable. At the time of writing, XRP trades around $2.16, showing muted reaction following the listing. As the TradingView chart shows, XRP has been consolidating between $2.10 and $2.40 for several weeks.
Source: Tradingview
This stability could be a sign of market indecision, as traders weigh the bullish ETF narrative against broader macro uncertainty. However, if institutional flows into XRPQ gain momentum, we may see a breakout toward the $2.50 resistance zone.
Final Thoughts: Could Canada Lead the Next Wave of XRP Adoption?
The 3iQ XRP ETF may be more than just a new investment product—it could be a strategic turning point for Ripple in North America. While the U.S. still lags behind on regulatory clarity, Canada’s proactive stance could attract both retail and institutional capital toward digital assets like XRP.With Ripple itself backing the fund, and early trading beginning on strong footing, XRPQ could pave the way forsimilar spot ETFs in other regions. If that happens, XRP might be poised to finally reclaim its position as a market leader—this time with the full force of traditional finance behind it.
