XRP ETF XRPQ Becomes Canada’s Largest in Just Three Days

The newly launched 3iQ XRP ETF (ticker: XRPQ) has quickly become Canada’s largest XRP-focused exchange-traded fund, amassing CAD$32 million in assets under management just three days after debuting on the Toronto Stock Exchange. XRPQ offers investors indirect exposure to XRP—the fourth-largest cryptocurrency by market capitalization—with zero management fees for the first six months, positioning it as one of the most cost-effective crypto ETFs currently available.

Backed by Ripple as a seed investor, the ETF exclusively holds long-term XRP sourced from reputable digital asset exchanges and over-the-counter trading partners. XRPQ marks a milestone for crypto ETFs in North America, joining the limited group of funds offering institutional access to XRP.

The ETF’s fast success mirrors that of 3iQ’s Solana Staking ETF, which raised CAD$90 million within two days of its April 2025 launch, becoming Canada’s largest Solana ETF.

XRP itself is seeing renewed momentum amid global market volatility. After briefly dipping below $2, the asset recovered to $1.99, up 1.18% in the past 24 hours. Futures trading volume has surged to nearly $4 billion, signaling strong institutional interest. Traders are now watching for a breakout above the $2.14 resistance level.

Meanwhile, in the U.S., the SEC has opened a comment period for Franklin Templeton’s proposed XRP ETF. Bloomberg analysts believe approval odds are high, estimating a 90% chance of SEC approval—a move that could accelerate broader institutional adoption of XRP.

XRPQ’s rapid growth highlights investor appetite for regulated crypto products and reflects XRP’s growing role in diversified digital asset portfolios.