With XRP ETF Surging in Canada, Eyes Turn to U.S. Approval

Finance

With XRP ETF Surging in Canada, Eyes Turn to U.S. Approval

Canadian asset manager 3iQ has hit a major milestone with its recently launched XRP spot ETF, crossing $50 million in assets under management just 23 days after debuting on the Toronto Stock Exchange.

The XRP ETF, which began trading on June 18, has gained traction quickly—thanks in part to its 0% management fee during the first six months.

That pricing strategy, coupled with growing investor demand for regulated crypto exposure, has helped the fund outpace expectations.

3iQ President Pascal St-Jean highlighted the ETFs performance as a signal of strong interest from both retail and institutional investors.

He credited the fund‘s success to cost-effective access and rising confidence in XRP’s role within diversified crypto portfolios.

The firm also manages the largest Solana ETF in North America and is positioning itself as a frontrunner ahead of potential U.S. approval of altcoin ETFs, with XRP and SOL among the top contenders.