3iQ Launches XRP ETF on Toronto Stock Exchange with 0% Management Fee
3iQ has launched an XRP exchange-traded fund (ETF) on the Toronto Stock Exchange (TSX) under the ticker XRPQ. Key details include:
- The ETF features a 0% management fee for the first six months.
- Available for investment through registered accounts in Canada, with global access for qualified investors subjected to local regulations.
- Purpose Investments also began trading its spot XRP ETF on TSX under the XRPP ticker on the same day.
- 3iQ has previously listed a Bitcoin fund and a publicly traded Ether fund in Toronto.
- Ripple, creator of XRP, is an early investor in the 3iQ XRPQ fund.
3iQ president Pascal St-Jean highlighted XRP's growth potential and the ETF's transparent and cost-efficient access for investors. The launch will be commemorated with a closing bell ceremony at TSX.