The 3iQ XRP ETF offers investors a regulated and accessible way to gain exposure to one of the most established digital assets in the market—XRP. As digital asset adoption accelerates globally, institutional-grade investment products like this ETF are becoming essential tools for portfolio diversification. Designed with both novice and experienced investors in mind, the 3iQ XRP ETF combines security, transparency, and compliance within a familiar financial structure.
Investment Objectives
The primary goal of the 3iQ XRP ETF is to provide unitholders with:
- Direct exposure to the price movements of XRP denominated in U.S. dollars.
- The potential for long-term capital appreciation through strategic digital asset investment.
This ETF is structured to mirror the performance of the CME CF XRP-Dollar Reference Rate - New York Variant, ensuring accurate tracking of real-time market valuations.
Key Benefits of the 3iQ XRP ETF
- 100% XRP exposure (subject to minor cash balances for operational needs)
- Fully secured in cold storage via trusted custodians
- Eligible for tax-advantaged accounts including TFSA, RRSP, RRIF, RESP, RDSP, and DPSP
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Fund Overview
Launched on June 17, 2025, the 3iQ XRP ETF is listed on the Toronto Stock Exchange (TSX) under the ticker symbols XRPQ (CAD) and XRPQ.U (USD). With a minimum investment accessible through standard brokerage platforms, it lowers the barrier to entry for retail investors seeking exposure to XRP without managing private keys or using cryptocurrency exchanges directly.
Net Asset Value (NAV) – As of July 2, 2025
- Total NAV (CAD): $48,960,893.59
- Total NAV (USD): $36,030,321.59
- NAV per Unit (CAD): $13.9888
- NAV per Unit (USD): $10.2944
Fund Structure & Holdings
Each unit represents ownership in a trust that holds XRP directly. The fund maintains a ratio of:
- 0.219462 XRP per unit
- Or equivalently, 4.55659 units per 1 XRP
This transparent structure ensures investors know exactly what backs their holdings.
Management and Custody
Security and regulatory compliance are central to the fund’s design.
- Manager: 3iQ Corp.
- Custodian: Tetra Trust Company
- Sub-Custodian: Coinbase Custody Trust Company, LLC
- Administrator: CIBC Mellon Trust Company
- Transfer Agent: TSX Trust Company
- Auditor: PricewaterhouseCoopers LLP
- Legal Counsel: Mintz LLP
Digital assets are held in cold storage, minimizing exposure to cyber threats. This multi-layered custody model aligns with traditional financial safeguards while accommodating the unique requirements of blockchain-based assets.
Management Fee Structure
To encourage early adoption, the fund offers:
- 0.00% management fee for the first 6 months
- 0.59% annual fee thereafter
There is no current data on the Management Expense Ratio (MER), as the fund is newly launched.
Regulatory and Tax Considerations
The 3iQ XRP ETF is registered under Canadian securities regulations and available to investors through approved dealers and trading platforms. It qualifies for inclusion in registered accounts such as:
- Tax-Free Savings Account (TFSA)
- Registered Retirement Savings Plan (RRSP)
- Registered Education Savings Plan (RESP)
- Disability Savings Plan (RDSP)
- Deferred Profit Sharing Plan (DPSP)
However, investors should consult a tax advisor regarding implications specific to their situation, especially since digital assets may carry uncertain tax treatment in certain jurisdictions.
Frequently Asked Questions
Q: Is the 3iQ XRP ETF safe?
A: Yes. The fund uses institutional-grade custody solutions, with XRP stored in offline cold wallets managed by regulated entities like Tetra Trust and Coinbase Custody.
Q: Can I hold the 3iQ XRP ETF in my TFSA or RRSP?
A: Absolutely. The ETF is eligible for TFSA, RRSP, and other registered accounts, allowing tax-efficient growth.
Q: How does the ETF track the price of XRP?
A: It tracks the CME CF XRP-Dollar Reference Rate – New York Variant, a regulated benchmark used by financial institutions worldwide.
Q: Are there any performance figures available yet?
A: Due to regulatory requirements, performance data cannot be published for funds with less than one year of history. Performance will become available after mid-2026.
Q: Do I own actual XRP if I invest in this ETF?
A: While you don't hold XRP directly, each unit is backed by physical XRP held in custody. Your investment reflects proportional ownership of the underlying asset.
Q: Why choose an ETF over buying XRP on an exchange?
A: The ETF offers simplicity, security, and integration into traditional portfolios without requiring self-custody or technical knowledge of blockchain wallets.
Why Invest in XRP?
XRP is designed for fast, low-cost international payments and has been adopted by financial institutions for cross-border settlements. Its enterprise-focused utility differentiates it from many other cryptocurrencies. By investing in the 3iQ XRP ETF, investors gain exposure to a digital asset with real-world use cases and growing institutional interest.
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Getting Started
To invest in the 3iQ XRP ETF:
- Open a brokerage account that supports TSX-listed ETFs.
- Search for ticker symbol XRPQ (CAD) or XRPQ.U (USD).
- Place your order just like any other stock or ETF.
- Monitor your investment through regular NAV updates and market pricing.
No cryptocurrency exchange accounts, wallets, or private keys are required—making it ideal for mainstream investors.
Final Thoughts
The 3iQ XRP ETF represents a significant step forward in bringing digital assets into the mainstream investment landscape. With strong custodial protections, regulatory oversight, and accessibility through traditional brokerage platforms, it offers a secure and compliant path to participating in the future of finance.
Whether you're building a diversified portfolio or exploring digital assets for the first time, this ETF provides a trusted gateway to XRP’s potential.
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