{"id":"xrp-etf","title":"XRP ETF","content":"**The XRP ETF** is an exchange-traded fund listed on the Toronto Stock Exchange (TSX) that provides investors with exposure to the digital asset [XRP](https://iq.wiki/wiki/xrp). It seeks to reflect the daily price movements of [XRP](https://iq.wiki/wiki/xrp) in U.S. dollars and offer the potential for long-term capital appreciation. [\\[1\\]](#cite-id-2slJd2gbTd) [\\[2\\]](#cite-id-FpBGwLkUW7)\n\n## Overview\n\nThe 3iQ [XRP](https://iq.wiki/wiki/xrp) ETF (XRPQ, XRPQ.U) was launched by Canadian investment fund manager 3iQ Corp. on June 18, 2025, becoming one of the first exchange-traded funds in North America to offer direct investment exposure to [XRP](https://iq.wiki/wiki/xrp). The fund is listed on the Toronto Stock Exchange, providing access to Canadian investors through registered accounts and potentially to qualified global investors, subject to local regulations. [\\[2\\]](#cite-id-FpBGwLkUW7) [\\[3\\]](#cite-id-onEui8dlZg)\n\nThe introduction of the 3iQ [XRP](https://iq.wiki/wiki/xrp) ETF follows the launch of other digital asset investment products by 3iQ, including some of the first publicly listed [Bitcoin](https://iq.wiki/wiki/bitcoin) and [Ether](https://iq.wiki/wiki/ether-eth) funds in Canada. The fund's structure involves holding long-term positions in [XRP](https://iq.wiki/wiki/xrp) acquired from established digital asset trading platforms and over-the-counter (OTC) counterparties, with the underlying assets held in cold storage for security. [\\[2\\]](#cite-id-FpBGwLkUW7) [\\[3\\]](#cite-id-onEui8dlZg)\n\nThe launch coincides with increased interest in [XRP](https://iq.wiki/wiki/xrp) and its underlying technology, the [XRP](https://iq.wiki/wiki/xrp) Ledger, which is designed for high-speed, low-cost cross-border payments. [Ripple](https://iq.wiki/wiki/ripple-labs), the company associated with the [XRP](https://iq.wiki/wiki/xrp) Ledger and the [XRP](https://iq.wiki/wiki/xrp) token, is noted as an early investor in the 3iQ [XRP](https://iq.wiki/wiki/xrp) ETF. [\\[2\\]](#cite-id-FpBGwLkUW7) [\\[4\\]](#cite-id-jF3K6hwGva)\n\n$$widget0 [YOUTUBE@VID](https://youtube.com/watch?v=5cUEKEWJfy8)$$\n\n## Investment Objectives\n\nThe stated investment objectives of the 3iQ [XRP](https://iq.wiki/wiki/xrp) ETF are:\n\n* To provide unitholders with exposure to the digital asset [XRP](https://iq.wiki/wiki/xrp) and the daily price movements of the U.S. dollar price of [XRP](https://iq.wiki/wiki/xrp). [\\[1\\]](#cite-id-2slJd2gbTd)\n* To offer the opportunity for long-term capital appreciation. [\\[1\\]](#cite-id-2slJd2gbTd)\n\n## Listing Information\n\nThe 3iQ [XRP](https://iq.wiki/wiki/xrp) ETF is listed on the Toronto Stock Exchange (TSX) [\\[1\\]](#cite-id-2slJd2gbTd) [\\[5\\]](#cite-id-0b6NRfBcTX). It trades under two ticker symbols:\n\n* XRPQ (quoted in Canadian Dollars - CAD) [\\[1\\]](#cite-id-2slJd2gbTd)\n* XRPQ.U (quoted in U.S. Dollars - USD) [\\[1\\]](#cite-id-2slJd2gbTd)\n\nThe fund commenced trading on June 18, 2025 [\\[2\\]](#cite-id-FpBGwLkUW7).\n\n## Fund Structure and Holdings\n\nThe ETF is structured to provide 100% exposure to [XRP](https://iq.wiki/wiki/xrp), although this may be slightly lower due to a small cash balance held within the portfolio. The fund invests only in long-term holdings of [XRP](https://iq.wiki/wiki/xrp)  [\\[1\\]](#cite-id-2slJd2gbTd)[\\[2\\]](#cite-id-FpBGwLkUW7).\n\n[XRP](https://iq.wiki/wiki/xrp) holdings are acquired from reputable digital asset trading platforms and over-the-counter (OTC) counterparties. The underlying assets are held in cold storage for security [\\[1\\]](#cite-id-2slJd2gbTd) [\\[2\\]](#cite-id-FpBGwLkUW7).\n\nThe fund's [benchmark](https://iq.wiki/wiki/benchmark) index is the CME CF XRP-Dollar Reference Rate - New York Variant [\\[1\\]](#cite-id-2slJd2gbTd).\n\n## Fees and Expenses\n\nThe 3iQ [XRP](https://iq.wiki/wiki/xrp) ETF features a 0% management fee for the first six months following its launch [\\[1\\]](#cite-id-2slJd2gbTd) [\\[2\\]](#cite-id-FpBGwLkUW7). After this initial period, the management fee is 0.59%. The Management Expense Ratio (MER) is an aggregate of the management fee, operating expenses, and other costs incurred by the fund [\\[1\\]](#cite-id-2slJd2gbTd).\n\n## Eligibility\n\nThe 3iQ [XRP](https://iq.wiki/wiki/xrp) ETF is eligible for investment through various registered accounts in Canada, including:\n\n* Registered Retirement Savings Plan (RRSP) [\\[1\\]](#cite-id-2slJd2gbTd)\n* Registered Retirement Income Fund (RRIF) [\\[1\\]](#cite-id-2slJd2gbTd)\n* Registered Disability Savings Plan (RDSP) [\\[1\\]](#cite-id-2slJd2gbTd)\n* Deferred Profit Sharing Plan (DPSP) [\\[1\\]](#cite-id-2slJd2gbTd)\n* Registered Education Savings Plan (RESP) [\\[1\\]](#cite-id-2slJd2gbTd)\n* Tax-Free Savings Account (TFSA) [\\[1\\]](#cite-id-2slJd2gbTd) [\\[2\\]](#cite-id-FpBGwLkUW7)\n\nQualified global investors may also access the ETF, subject to local regulations [\\[2\\]](#cite-id-FpBGwLkUW7).\n\n## Service Providers\n\nSeveral entities are involved in the operation and management of the 3iQ [XRP](https://iq.wiki/wiki/xrp) ETF:\n\n* Custody Services: Tetra Trust Company [\\[1\\]](#cite-id-2slJd2gbTd)\n* Sub-Custodian: [Coinbase](https://iq.wiki/wiki/coinbase) Custody Trust Company, LLC [\\[1\\]](#cite-id-2slJd2gbTd)\n* Administrator: CIBC Mellon Trust Company [\\[1\\]](#cite-id-2slJd2gbTd)\n* Transfer Agent: TSX Trust Company [\\[1\\]](#cite-id-2slJd2gbTd)\n* Auditor: PricewaterhouseCoopers LLP [\\[1\\]](#cite-id-2slJd2gbTd)\n* Legal Counsel: Mintz LLP [\\[1\\]](#cite-id-2slJd2gbTd)\n\n## Relationship with Ripple\n\n[Ripple](https://iq.wiki/wiki/ripple-labs), the company associated with the XRP Ledger and the [XRP](https://iq.wiki/wiki/xrp) token, is an early investor in the 3iQ [XRP](https://iq.wiki/wiki/xrp) ETF [\\[6\\]](#cite-id-iXFofnctLv) [\\[5\\]](#cite-id-0b6NRfBcTX).\n\nPascal St-Jean, President and CEO of 3iQ, commented on this relationship, stating;\n\n> “The launch of XRPQ marks another milestone in our mission to provide investors with convenient, cost-effective access to digital assets within a regulated framework,” [\\[6\\]](#cite-id-iXFofnctLv) [\\[5\\]](#cite-id-0b6NRfBcTX)","summary":"The 3iQ XRP ETF (XRPQ, XRPQ.U) is a Canadian exchange-traded fund listed on the Toronto Stock Exchange, providing investors with exposure to the digital asset XRP. Managed by 3iQ Corp, it offers a regulated and cost-effective way to invest in XRP.","images":[{"id":"QmZm4PpSxB9fwdUbG7jaT1KtdM6bew6BDcdtqFdE55yvAH","type":"image/jpeg, image/png"}],"categories":[{"id":"defi","title":"defi"}],"tags":[{"id":"Protocols"},{"id":"Glossary"}],"media":[{"id":"QmQEfFEJfVTX27dbhPJHme9qUY1WEibhGPZ89iKFeUPTSW","type":"GALLERY","source":"IPFS_IMG"},{"id":"https://www.youtube.com/watch?v=5cUEKEWJfy8?si=wc3PReKYXJHEwTuG","name":"5cUEKEWJfy8?si=wc3PReKYXJHEwTuG","caption":"","thumbnail":"https://www.youtube.com/watch?v=5cUEKEWJfy8?si=wc3PReKYXJHEwTuG","source":"YOUTUBE"}],"metadata":[{"id":"references","value":"[\n  {\n    \"id\": \"2slJd2gbTd\",\n    \"url\": \"https://www.3iq.io/our-funds/3iq-xrp-etf\",\n    \"description\": \"Official fund page\",\n    \"timestamp\": 1750333902566\n  },\n  {\n    \"id\": \"FpBGwLkUW7\",\n    \"url\": \"https://www.3iq.io/press-media/3iq-launches-xrp-etf-xrpq-xrpq-u-offering-first-of-its-kind-access-to-xrp-in-north-america\",\n    \"description\": \"Press release\",\n    \"timestamp\": 1750333902566\n  },\n  {\n    \"id\": \"onEui8dlZg\",\n    \"url\": \"https://cointelegraph.com/news/3iq-launches-xrp-etf-toronto-stock-exchange\",\n    \"description\": \"Cointelegraph coverage\",\n    \"timestamp\": 1750333902566\n  },\n  {\n    \"id\": \"jF3K6hwGva\",\n    \"url\": \"https://cryptoslate.com/xrp-network-activity-surges-as-canada-launches-an-xrp-etf/\",\n    \"description\": \"CryptoSlate coverage\",\n    \"timestamp\": 1750333902566\n  },\n  {\n    \"id\": \"0b6NRfBcTX\",\n    \"url\": \"https://www.coindesk.com/markets/2025/06/18/another-xrp-etf-comes-to-canada-as-3iq-launches-xrpq-on-toronto-stock-exchange\",\n    \"description\": \"CoinDesk coverage\",\n    \"timestamp\": 1750333902566\n  },\n  {\n    \"id\": \"iXFofnctLv\",\n    \"url\": \"https://www.3iq.io/press-media/3iQ-launches-XRP-ETF-XRPQ-XRPQ-U-offering-first-of-its-kind-access-to-XRP-in-North-America\",\n    \"description\": \"Press release\",\n    \"timestamp\": 1750333902566\n  }\n]"},{"id":"commit-message","value":"\"Add new wiki article: XRP ETF\""}],"events":[{"id":"288aedab-0c6d-4275-b782-c1d2e8bda9d9","date":"2025-06","title":"Date Launched","type":"CREATED","description":"The XRP ETF was launched on the 18th of June, 2025","link":"https://cointelegraph.com/news/3iq-launches-xrp-etf-toronto-stock-exchange","multiDateStart":null,"multiDateEnd":null}],"user":{"id":"0x8af7a19a26d8fbc48defb35aefb15ec8c407f889"},"author":{"id":"0x8af7a19a26d8fbc48defb35aefb15ec8c407f889"},"language":"en","version":1,"linkedWikis":{"blockchains":["xrp"],"founders":["anon"],"speakers":[]}}