$XRP ETF Launches on Toronto Stock Exchange With Ripple Investment Backing
3iQ's new
$XRP ETF has begun trading on the Toronto Stock Exchange with zero management fees for six months.
Ripple invested in the fund, marking another institutional milestone for the fourth-largest cryptocurrency.
The ETF stores all holdings in cold storage after acquiring
$XRP from reputable exchanges and OTC platforms.
Canadian and qualified international investors can access the fund through registered accounts.
Purpose Investments also launched their spot
$XRP #ETF this week, creating competition in the space.
3iQ previously launched the largest
$SOL ETF with over $120 million in assets under management.
Franklin Templeton has proposed #XRP and #Solana ETFs awaiting SEC approval for U.S. markets.
