3iQ Launches XRP ETF on Toronto Stock Exchange

3iQ Corp., a Canadian crypto asset management firm, introduced its XRP ETF, marking a significant step in mainstream financial integration. This initiative allows Canadian investors direct access to XRP through regulated financial channels, facilitated by the Toronto Stock Exchange.

Ripple Labs is involved in this ETF offering, though the extent of its participation remains unconfirmed. Alongside 3iQ, Evolve Funds Group is also launching an XRP-focused ETF on the Toronto Stock Exchange.

The launch enhances XRP’s market position by facilitating mainstream financial adoption. Regulated on the Toronto Stock Exchange, it sets a precedent for similar future initiatives, potentially leading to increased institutional participation.

The availability of XRP through an ETF could drive new financial flows, bolstered by Canada’s regulatory support. Previous ETF introductions in Canada allowed measurable impacts on the price and market presence of underlying assets like BTC and ETH.

“XRP is built for real-world utility, enabling fast, low-cost cross-border payments and decentralized exchange functionality. With growing institutional adoption and greater regulatory clarity, we believe XRP is well-positioned as infrastructure for the future of finance.” — Elliot Johnson, Chief Investment Officer and Chief Operating Officer, Evolve Funds Group

Canada’s earlier BTC and ETH ETF launches led to significant changes, inspiring shifts across global financial markets. The 3iQ XRP ETF mirrors these precedents, potentially spurring similar financial growth.

Experts from Kanalcoin suggest that this ETF could initiate a new wave of institutional engagement, paralleling historical trends in BTC and ETH adoption. The Canadian market continues to lead in digital asset innovation and regulation.