New XRP ETF Breaks $50M Barrier in Weeks: Inside 3iQ’s Crypto Power Play

3iQ Digital Asset Management has confirmed that its newly launched XRP ETF has surpassed $50 million in assets under management (AUM), just 23 days after debuting on June 18.

Listed as XRPQ, it became the largest dedicated to the third-largest cryptocurrency by market capitalization, XRP, excluding the stablecoins, in Canada.

A zero management fee payable during the initial six months by the XRP ETF has been one of the largest attractions of the XRP ETF, and the move has been to pull in both the institutional and retail investors who are in search of a low-cost crypto investment tool. The initial wave has shown that strategy is working.

We are proud to announce that our XRP ETF (TSX: XRPQ, XRPQ.U), Canada’s largest #XRP ETF, has accumulated over 50 million USD in client assets since its launch on June 18th.

“This significant milestone for our XRP ETF shows the continuing strong interest in these assets and… pic.twitter.com/rpi3BmwE3W

— 3iQ Digital Asset Management (@3iq_corp) July 14, 2025

XRP ETF Offers Safe Crypto Exposure

This kind of rapid growth is a clear signal of pent-up demand for secure and cost-efficient digital asset products, according to Pascal St-Jean, CEO of 3iQ. Investors want to be able to get in and out of crypto freely and we are providing that with the XRP ETF so they have someone to trust and can afford it and it is compliant with the regulators.

The XRP ETF will provide exposure to XRP directly and all holdings will be brought on regulated exchanges and OTC desks and stored safely in segregated cold wallets. 

The purpose of this long-only structure is to help investors who want to take advantage of the long-lasting growth of XRP but do not want to the burdens of private keys and trading accounts.

XRP ETF Accessible Through Canadian Accounts

The XRP blockchain company, Ripple Labs is a seed investor in XRP ETF, a move in trust of the product that carries a lot of credibility. Safe storage and institutional-grade custody facilities offered by the ETF also present an important feature attractive to risk-averse investors.

Another pillar in the successes of XRP ETF is accessibility. It appears in the tax-advantaged accounts in Canada, notably Tax-Free Savings Accounts (TFSA) and Registered Retirement Savings Plans (RRSP), which invites mainstream usage. 

It also trades on the Toronto Stock Exchange (TSX) whereby the Ripple ETF is likewise available to international investors, although with local investment restrictions.

3iQ Builds on Earlier SOLQ Success

The win is not the first success of 3iQ in crypto ETF. This company earlier introduced SOLQ on the Solana Staking ETF, a fund that currently holds the dual titles of the greatest Solana ETF in North America. 

Being the first to launch the XRP ETF (XRPQ) in America, 3iQ is also demonstrating its stature as a leader of the digital asset management industry at an accelerated pace.

Essentially, the super-fast achievement of the $50 million mark not only proves that investors believe in Ripple ETF but it also demonstrates that there is an expanding demand on regulated, low-cost crypto ETFs. The company XRPQ is gearing up to become an established source of trust in the future of digital finance as the market conditions are consistently changing.

Conclusion

The XRP ETF by 3iQ hitting AUM of 50 million dollars in 23 days points to a rise in investor confidence in AUM of crypto products driven by regulation. Zero fees, secure custody and high accessibility makes XRPQ a pillar of 3iQ and platform leadership of the digital asset industry and an indicator of the growing need in the market regarding exposure to major cryptocurrencies that is efficient and trusted such as XRP.

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Summary

The 3iQ Digital Asset Management’s XRP ETF (XRPQ) has reached $50 million of assets under management 23 days after it launched June 18. Being the largest XRP-based ETF in Canada, it does not charge management fees in the first six months, is held in cold storage, and can be traded on tax-preferred accounts. With the support of Ripple Labs, the fund has grown extremely fast due to the high investor interest in regulated and low-cost crypto products. It is another milestone of 3iQ after successfully launching Solana ETF.

FAQs

1. What is 3iQ’s XRP ETF?

It’s Canada’s first XRP-focused ETF, offering direct exposure to XRP with zero management fees for the first six months.

2. Why is the XRP ETF popular?

Its low fees, regulated custody, and TFSA/RRSP eligibility helped it reach $50M AUM just 23 days after launch.

3. Is the XRP ETF secure?

Yes. It holds XRP from regulated sources and stores assets in segregated cold wallets. Ripple Labs is also a seed investor.

4: Can international investors access the XRPQ ETF?

Yes, XRPQ is listed on the Toronto Stock Exchange and available to global investors, subject to local investment regulations.

Glossary of Key Terms

3iQ
Crypto-focused Canadian asset management firm.

XRPQ
3iQ’s XRP ETF, Canada’s largest.

ETF
Tradable fund offering exposure to assets like crypto.

AUM
Total value of assets managed.

Cold Wallets
Offline crypto storage for security.

TFSA
Canadian tax-free savings account.

RRSP
Canadian retirement savings account.

SOLQ
3iQ’s Solana Staking ETF.

Reference

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