# XRP ETF > The 3iQ XRP ETF (XRPQ, XRPQ.U) is a Canadian exchange-traded fund listed on the Toronto Stock Exchange, providing investors with exposure to the digital asset X... - Canonical URL: https://iq.wiki/wiki/xrp-etf - Categories: Projects & Protocols - Tags: DeFi, Infrastructure - Created: 2025-06-19T12:19:18.701Z - Last updated: 2025-06-19T12:19:18.701Z - Source: IQ.wiki — the world's largest blockchain and crypto encyclopedia (https://iq.wiki) --- **The XRP ETF** is an exchange-traded fund listed on the Toronto Stock Exchange (TSX) that provides investors with exposure to the digital asset [XRP](https://iq.wiki/wiki/xrp). It seeks to reflect the daily price movements of [XRP](https://iq.wiki/wiki/xrp) in U.S. dollars and offer the potential for long-term capital appreciation. [\[1\]](#cite-id-2slJd2gbTd) [\[2\]](#cite-id-FpBGwLkUW7) ## Overview The 3iQ [XRP](https://iq.wiki/wiki/xrp) ETF (XRPQ, XRPQ.U) was launched by Canadian investment fund manager 3iQ Corp. on June 18, 2025, becoming one of the first exchange-traded funds in North America to offer direct investment exposure to [XRP](https://iq.wiki/wiki/xrp). The fund is listed on the Toronto Stock Exchange, providing access to Canadian investors through registered accounts and potentially to qualified global investors, subject to local regulations. [\[2\]](#cite-id-FpBGwLkUW7) [\[3\]](#cite-id-onEui8dlZg) The introduction of the 3iQ [XRP](https://iq.wiki/wiki/xrp) ETF follows the launch of other digital asset investment products by 3iQ, including some of the first publicly listed [Bitcoin](https://iq.wiki/wiki/bitcoin) and [Ether](https://iq.wiki/wiki/ether-eth) funds in Canada. The fund's structure involves holding long-term positions in [XRP](https://iq.wiki/wiki/xrp) acquired from established digital asset trading platforms and over-the-counter (OTC) counterparties, with the underlying assets held in cold storage for security. [\[2\]](#cite-id-FpBGwLkUW7) [\[3\]](#cite-id-onEui8dlZg) The launch coincides with increased interest in [XRP](https://iq.wiki/wiki/xrp) and its underlying technology, the [XRP](https://iq.wiki/wiki/xrp) Ledger, which is designed for high-speed, low-cost cross-border payments. [Ripple](https://iq.wiki/wiki/ripple-labs), the company associated with the [XRP](https://iq.wiki/wiki/xrp) Ledger and the [XRP](https://iq.wiki/wiki/xrp) token, is noted as an early investor in the 3iQ [XRP](https://iq.wiki/wiki/xrp) ETF. [\[2\]](#cite-id-FpBGwLkUW7) [\[4\]](#cite-id-jF3K6hwGva) ## Investment Objectives The stated investment objectives of the 3iQ [XRP](https://iq.wiki/wiki/xrp) ETF are: * To provide unitholders with exposure to the digital asset [XRP](https://iq.wiki/wiki/xrp) and the daily price movements of the U.S. dollar price of [XRP](https://iq.wiki/wiki/xrp). [\[1\]](#cite-id-2slJd2gbTd) * To offer the opportunity for long-term capital appreciation. [\[1\]](#cite-id-2slJd2gbTd) ## Listing Information The 3iQ [XRP](https://iq.wiki/wiki/xrp) ETF is listed on the Toronto Stock Exchange (TSX) [\[1\]](#cite-id-2slJd2gbTd) [\[5\]](#cite-id-0b6NRfBcTX). It trades under two ticker symbols: * XRPQ (quoted in Canadian Dollars - CAD) [\[1\]](#cite-id-2slJd2gbTd) * XRPQ.U (quoted in U.S. Dollars - USD) [\[1\]](#cite-id-2slJd2gbTd) The fund commenced trading on June 18, 2025 [\[2\]](#cite-id-FpBGwLkUW7). ## Fund Structure and Holdings The ETF is structured to provide 100% exposure to [XRP](https://iq.wiki/wiki/xrp), although this may be slightly lower due to a small cash balance held within the portfolio. The fund invests only in long-term holdings of [XRP](https://iq.wiki/wiki/xrp) [\[1\]](#cite-id-2slJd2gbTd)[\[2\]](#cite-id-FpBGwLkUW7). [XRP](https://iq.wiki/wiki/xrp) holdings are acquired from reputable digital asset trading platforms and over-the-counter (OTC) counterparties. The underlying assets are held in cold storage for security [\[1\]](#cite-id-2slJd2gbTd) [\[2\]](#cite-id-FpBGwLkUW7). The fund's [benchmark](https://iq.wiki/wiki/benchmark) index is the CME CF XRP-Dollar Reference Rate - New York Variant [\[1\]](#cite-id-2slJd2gbTd). ## Fees and Expenses The 3iQ [XRP](https://iq.wiki/wiki/xrp) ETF features a 0% management fee for the first six months following its launch [\[1\]](#cite-id-2slJd2gbTd) [\[2\]](#cite-id-FpBGwLkUW7). After this initial period, the management fee is 0.59%. The Management Expense Ratio (MER) is an aggregate of the management fee, operating expenses, and other costs incurred by the fund [\[1\]](#cite-id-2slJd2gbTd). ## Eligibility The 3iQ [XRP](https://iq.wiki/wiki/xrp) ETF is eligible for investment through various registered accounts in Canada, including: * Registered Retirement Savings Plan (RRSP) [\[1\]](#cite-id-2slJd2gbTd) * Registered Retirement Income Fund (RRIF) [\[1\]](#cite-id-2slJd2gbTd) * Registered Disability Savings Plan (RDSP) [\[1\]](#cite-id-2slJd2gbTd) * Deferred Profit Sharing Plan (DPSP) [\[1\]](#cite-id-2slJd2gbTd) * Registered Education Savings Plan (RESP) [\[1\]](#cite-id-2slJd2gbTd) * Tax-Free Savings Account (TFSA) [\[1\]](#cite-id-2slJd2gbTd) [\[2\]](#cite-id-FpBGwLkUW7) Qualified global investors may also access the ETF, subject to local regulations [\[2\]](#cite-id-FpBGwLkUW7). ## Service Providers Several entities are involved in the operation and management of the 3iQ [XRP](https://iq.wiki/wiki/xrp) ETF: * Custody Services: Tetra Trust Company [\[1\]](#cite-id-2slJd2gbTd) * Sub-Custodian: [Coinbase](https://iq.wiki/wiki/coinbase) Custody Trust Company, LLC [\[1\]](#cite-id-2slJd2gbTd) * Administrator: CIBC Mellon Trust Company [\[1\]](#cite-id-2slJd2gbTd) * Transfer Agent: TSX Trust Company [\[1\]](#cite-id-2slJd2gbTd) * Auditor: PricewaterhouseCoopers LLP [\[1\]](#cite-id-2slJd2gbTd) * Legal Counsel: Mintz LLP [\[1\]](#cite-id-2slJd2gbTd) ## Relationship with Ripple [Ripple](https://iq.wiki/wiki/ripple-labs), the company associated with the XRP Ledger and the [XRP](https://iq.wiki/wiki/xrp) token, is an early investor in the 3iQ [XRP](https://iq.wiki/wiki/xrp) ETF [\[6\]](#cite-id-iXFofnctLv) [\[5\]](#cite-id-0b6NRfBcTX). Pascal St-Jean, President and CEO of 3iQ, commented on this relationship, stating; > “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,” [\[6\]](#cite-id-iXFofnctLv) [\[5\]](#cite-id-0b6NRfBcTX)