Digital asset manager 3iQ has announced the official launch of the 3iQ XRP ETF (TSX: XRPQ, XRPQ.U)—one of the first exchange-traded funds in North America designed to provide exposure to XRP.
The fund debuts on the Toronto Stock Exchange with a 0% management fee for the first six months, offering a cost-efficient entry point for investors.
Ripple, the company behind XRP, is participating as an early investor in the fund, further signaling institutional support for the digital asset.
“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,” said Pascal St-Jean, President and CEO of 3iQ.
The ETF allows traditional investors to gain exposure to XRP’s market performance without directly holding the asset, streamlining access through familiar financial instruments.
3iQ’s XRP fund adds to its existing lineup of crypto ETFs and closed-end funds, solidifying its role as one of the leading digital asset managers in Canada.
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Source: https://coindoo.com/3iq-launches-north-americas-first-xrp-etf-with-0-fee-intro/