Thursday, July 31, 2025
  • Login
SB Crypto Guru News- latest crypto news, NFTs, DEFI, Web3, Metaverse
No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS
CRYPTO MARKETCAP
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS
No Result
View All Result
SB Crypto Guru News- latest crypto news, NFTs, DEFI, Web3, Metaverse
No Result
View All Result

Ripple-Backed ETF Launches In Canada

by SB Crypto Guru News
June 19, 2025
in Bitcoin
Reading Time: 4 mins read
0 0
A A
0


Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Created by industry experts and meticulously reviewed

The highest standards in reporting and publishing

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Canada’s Toronto Stock Exchange today saw a new entrant aimed at making XRP more accessible to investors. The 3iQ Corp. rolled out its spot-based XRP ETF, trading under the ticker XRPQ, with an introductory 0% management fee for the first six months.

Related Reading

Based on reports, this move offers both retail and institutional clients a hands‑off way to own XRP without worrying about private wallets or unregulated platforms.

Building Trust Through Custody

According to the announcement, XRPQ will hold its XRP coins in cold storage, kept separate for each investor to cut down the chance of a hack.

The fund plans to buy XRP from regulated sources like over‑the‑counter desks. That setup mirrors what other digital‑asset funds do for Bitcoin and Ether.

We are excited to announce the launch of the 3iQ XRP ETF (TSX: XRPQ, XRPQ.U) — one of the first ETFs in North America to provide exposure to #XRP.

XRPQ debuts with a 0% management fee for the first six months, and @Ripple as an early investor in the fund.

“The launch of XRPQ… pic.twitter.com/me19RLAzJI

— 3iQ Digital Asset Management (@3iq_corp) June 18, 2025

Backing From Ripple

San Francisco’s Ripple has taken a stake in the new fund, according to reports. The company didn’t share how much it invested, but its support sends a strong message. It shows Ripple believes in XRPQ’s structure and security, even after years of uncertainty about XRP in the US courts.

Growth Of XRP Over A Decade

Data from 2015 to now shows that XRP’s price jumped to around 10,700%, climbing from $0.02 back then to $2.16 today.

That surge underscores why 3iQ’s CEO and President, Pascal St‑Jean, called this ETF “an easy way for Canadians and qualified investors overseas to tap into XRP’s growth.” He rang the TSX’s closing bell to mark the launch.

XRP is currently trading at $2.15. Chart: TradingView

Purpose Joins The Fray

Reports also disclose that Purpose Investments launched its own XRP ETF, XRPP, on the same day. That makes two spot XRP ETFs now available on the same exchange. Both products aim to give investors a regulated path to XRP, but only time will tell which approach wins more fans.

Related Reading

Looking Ahead To US Approval

According to industry watchers, over 10 applications for a spot XRP ETF are currently waiting on the US Securities and Exchange Commission. Traders and managers predict a green light could come by October 2025.

Until then, US investors will be watching from the sidelines, while Canada continues to lead in crypto‑ETF innovation.

With XRPQ’s debut, 3iQ highlights its mission of opening up digital assets in a regulated way. It’s a clear sign that more traditional markets are warming up to crypto.

And with Ripple’s backing and a zero‑fee for half a year, this new ETF could draw attention from anyone who wants XRP exposure without the usual hurdles.

Featured image from Pixabay, chart from TradingView





Source link

Tags: Bitcoin NewsCanadaCrypto NewsCrypto UpdatesETFLatest News on CryptoLaunchesRippleBackedSB Crypto Guru News
Previous Post

In pictures: meet the newcomer galleries debuting at Art Basel

Next Post

95% Of Bitcoin Hardware Comes From China—Now Its Makers Are Heading To America

Related Posts

Ripple CEO Debunks SWIFT Partnership, XRP To Dramatically Change Payments Infrastructure

Ripple CEO Debunks SWIFT Partnership, XRP To Dramatically Change Payments Infrastructure

by SB Crypto Guru News
July 30, 2025
0

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Ripple CEO Brad Garlinghouse has made it...

Mike Novogratz Changes His X Avatar To A Nakamigos NFT

Mike Novogratz Changes His X Avatar To A Nakamigos NFT

by SB Crypto Guru News
July 30, 2025
0

Join Our Telegram channel to stay up to date on breaking news coverage Billionaire Mike Novogratz, the chief executive officer...

BlackRock Staking For Its Spot Ethereum ETF Has Been Acknowledged — But What’s Coming For ETH?

BlackRock Staking For Its Spot Ethereum ETF Has Been Acknowledged — But What’s Coming For ETH?

by SB Crypto Guru News
July 30, 2025
0

The US Securities and Exchange Commission (SEC) has acknowledged a Nasdaq filing proposing an amendment to BlackRock iShares Ethereum Trust...

Coinbase, JPMorgan Chase Partner to Simplify Crypto Access for Chase Customers

Coinbase, JPMorgan Chase Partner to Simplify Crypto Access for Chase Customers

by SB Crypto Guru News
July 30, 2025
0

Coinbase and JPMorgan Chase announced a partnership Wednesday to provide Chase’s over 80 million customers with new ways to access...

M XRP/USD Heist: Widow of Country Legend George Jones Victimized in Crypto Theft

$17M XRP/USD Heist: Widow of Country Legend George Jones Victimized in Crypto Theft

by SB Crypto Guru News
July 30, 2025
0

What started as a suspicion of cheating ended with an arrest for XRP/USD theft. Nancy Jones, widow of country icon...

Load More
Next Post
95% Of Bitcoin Hardware Comes From China—Now Its Makers Are Heading To America

95% Of Bitcoin Hardware Comes From China—Now Its Makers Are Heading To America

No more business-as-usual: Art Basel demonstrates how dealers can adapt to thrive

No more business-as-usual: Art Basel demonstrates how dealers can adapt to thrive

Facebook Twitter LinkedIn Tumblr RSS

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • Mining
  • NFT
  • Regulations
  • Scam Alert
  • Uncategorized
  • Web3

SITE MAP

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 - SB Crypto Guru News.
SB Crypto Guru News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS

Copyright © 2022 - SB Crypto Guru News.
SB Crypto Guru News is not responsible for the content of external sites.