Solana ETF SOLQ Surpasses C$300 Million in Assets, XRP ETF XRPQ Reaches C$150 Million
Canada's altcoin exchange-traded funds (ETFs) are gaining traction, with SOLQ and XRPQ leading their categories. Key points include:
- SOLQ, focused on Solana, surpassed C$300 million in assets under management (AUM).
- XRPQ, targeting XRP, reached over C$150 million AUM.
- SOLQ launched in April 2025, supported by investments from SkyBridge Capital and ARK Invest, which included exposure to Solana through its ETFs.
- XRPQ debuted in June 2025, benefitting from a 0% management fee for the first six months, with Ripple as an early investor.
- The rise of these funds reflects strong institutional and retail demand for regulated crypto exposure.
- Canada is a leader in listed crypto products, providing access beyond Bitcoin and Ethereum.
At press time, XRP traded at $2.955.
