XRP ETF by 3iQ Debuts on Toronto Exchange In The Middle Of Growing Institutional Interest
The 3iQ XRP ETF is amongst the first in North America to supply direct market access to XRP through a controlled exchange platform. XRP Ledger has actually recorded a considerable rise in activity, with daily addresses rising to nearly 300,000 and a historic increase in whale wallets. Public comments on the proposed U.S. XRP area ETF listing by Franklin Templeton remain open, with a decision anticipated later on this summer. Canadian investment company 3iQ has formally introduced an XRP-focused exchange-traded fund on the Toronto Stock Market. The fund is now trading under the tickers XRPQ and XRPQ.U. It is among the earliest ETFs in North America to offer direct exposure to XRP, the digital currency that ranks among the top 5 globally by market value. The ETF is structured to offer investors long-term exposure to XRP’s performance. Since January 2015, XRP has recorded a price growth of roughly 10,800 percent. The introduction of the XRP ETF gives retail and institutional investors a regulated vehicle to track the asset’s movements without needing to deal with the underlying cryptocurrency directly. Ripple Holds Stake in the Fund Ripple, the technology company closely related to XRP, is among the early backers of the new fund. While the extent of Ripple’s investment has not been disclosed, its involvement signals institutional confidence in the ETF’s market potential. To mark the launch, 3iQ will ring the closing bell on the TSX today. As the Canadian ETF enters trading, developments surrounding a U.S. equivalent are ongoing. The SEC recently reopened the public comment period for CBOE’s proposal to list the Franklin Templeton XRP Area ETF. The new deadline for public input extends through late July, following an initial delay in June. XRP Network Metrics Signal Growing Activity Recent on-chain analysis from Santiment reveals that XRP Ledger is experiencing a surge in user engagement. Daily active XRP addresses have jumped to approximately over 295,000 from a previous three-month average of 35,000 to 40,000. Additionally, more than 2,700 whale wallets now hold at least one million XRP each, reflecting increased interest among large holders. Following its Solana ETF earlier this year, 3iQ continues expanding digital asset offerings with the launch of the XRP ETF. As retail and institutional interest in regulated crypto investments grows, the listing may play a key role in shaping access to blockchain-based assets across North America.
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