 
 
Canada’s digital asset ETF market just hit a new chapter as 3iQ’s Solana Staking ETF (SOLQ) and XRP ETF (XRPQ) crossed major asset milestones.
The firm confirmed this week that SOLQ has topped CAD 300 million in assets under management (AUM), while XRPQ has exceeded CAD 150 million, making both funds the largest in their categories.
Launched earlier this year in April, the two ETFs have seen steady inflows from retail investors, wealth managers, and institutions. SOLQ attracted early backing from SkyBridge Capital and ARK Invest, while XRPQ gained recognition with Ripple’s support.
The momentum, 3iQ says, reflects growing investor appetite for regulated exposure to digital assets.
Pascal St-Jean, President and CEO of 3iQ, called the achievement a sign that “Canadian investors and global leaders in the digital asset space are embracing secure, transparent, and regulated access to digital assets.”
 
SOLQ has also waived its management fees until April 2026, while XRPQ launched with a zero-fee model for its first six months, giving both products an extra competitive edge.
Market signals align with ETF momentum
The milestone comes as altcoins show renewed strength in broader markets. Ethereum rose 2.7% in the past 24 hours, part of a 60-day rally of nearly 50%.
Analysts point to institutional accumulation, May’s Pectra upgrade, which improves staking and scalability, and macroeconomic expectations of U.S. rate cuts as key drivers.
One trader cautioned that ETH must reclaim $4,500 to avoid a correction, but others see potential inflows from money market funds as a longer-term catalyst.
Solana has also been trending higher, up more than 7% over the past week. Technical indicators show bullish momentum, with the token breaking resistance at $235.
Meanwhile, moves by the corporate treasury and optimism around the upcoming Alpenglow upgrade are adding to the narrative. Some market watchers even see SOL heading toward $250 if momentum holds.
Ultimately, the ETF’s growth and market activity indicate a broader shift in how investors perceive digital assets. As altcoin season indicators rise, Solana and XRP’s success on traditional exchanges could mark the start of a deeper integration between mainstream finance and blockchain innovation.