Rising demand for regulated crypto investment products, particularly in assets like XRP, is driving capital toward cost-efficient exchange-traded funds (ETFs) with transparent structures and institutional-grade custody. Digital asset manager 3IQ disclosed on July 14 that its recently launched XRP-focused ETF, listed under XRPQ and XRPQ.U on the Toronto Stock Exchange, has exceeded $50 million in assets under management in less than a month post-launch. The firm noted:

3IQ XRP ETF (TSX: XRPQ, XRPQ.U), Canada’s largest XRP ETF, has surpassed USD 50 million in client assets since launch on June 18.

The vehicle’s six-month introductory period with no management fees presents a rare opportunity for investors to gain exposure to XRP without incurring the typical cost drag associated with digital asset products.

The ETF’s holdings consist exclusively of long-term XRP sourced from regulated trading platforms and OTC counterparties. It is one of the first in North America to provide direct exposure to XRP via a publicly traded vehicle. Seed investment from Ripple Labs, which provides blockchain-based infrastructure to financial institutions, signals confidence from industry incumbents.

3IQ president and CEO Pascal St-Jean emphasized the growing sophistication among market participants: “This significant milestone for our XRP ETF shows the continuing strong interest in these assets and highlights how retail and institutional investors are becoming increasingly discerning with their allocations, selecting this asset which offers a combination of the flexibility that comes with exchange traded funds, combined with the 0% management fee at launch that contrasts with the higher premiums which were the hallmark of earlier digital asset ETFs.”

All XRPQ assets are secured in fully segregated cold storage. The ETF is eligible for registered accounts in Canada and is accessible to international investors where compliant. In a market increasingly focused on transparency and cost-efficiency, 3IQ’s rapid asset growth reflects shifting investor preference toward regulated digital asset strategies.

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