EddieJayonCrypto
18 Jun 25
Canadian asset manager 3iQ launched an XRP-focused ETF (XRPQ) on the Toronto Stock Exchange, offering a six-month management fee waiver and holding long-term positions. Ripple is an early backer of the fund. The launch coincides with a surge in XRP network activity, with active addresses rising to 2...
Canadian asset manager 3iQ has launched an XRP-focused exchange-traded fund (ETF) on the Toronto Stock Exchange (TSX) under the ticker XRPQ. The ETF offers a six-month management fee waiver and is designed to hold only long-term positions in XRP. The assets are sourced from reputable exchanges and over-the-counter platforms, with custody secured through cold storage. Ripple, the blockchain company behind XRP and the XRP Ledger, is an early backer of the fund, which aims to provide Canadian and qualified global investors a transparent, low-cost, and tax-efficient way to access XRP.
The timing of 3iQ's XRPQ launch coincides with a significant surge in XRP network activity. Active addresses on the XRP Ledger have spiked from an average of 40,000 to 295,000 in 2025, marking a new high for the year. Additionally, the number of wallets holding over one million XRP has reached a record 2,700, indicating growing interest from large investors and institutions. This heightened activity is partly driven by greater adoption of the XRP Ledger by stablecoin projects such as Circle's USD Coin (USDC).
Further supporting this momentum are developments in Ripple's ongoing legal battle with the U.S. Securities and Exchange Commission (SEC). Ripple recently submitted a supplemental letter to the court seeking an efficient resolution of a $125 million penalty imposed by a prior ruling. Importantly, Ripple's proposal does not dispute the court's findings but aims to conclude the proceedings in a way that respects securities laws and reduces strain on the appeals process. The company remains committed to full compliance and looks for a resolution that benefits all parties involved.