XRP ETF Hits Toronto Exchange as SEC Mulls U.S. Approval

In a landmark development for digital assets, 3iQ, a prominent digital asset investment firm, has launched the 3iQ XRP ETF on the Toronto Stock Exchange (TSX). Trading under the symbols XRPQ and XRPQ.U, this exchange-traded fund (ETF) becomes one of the first in North America to offer investors long-term exposure to XRP, the fourth-largest cryptocurrency by market capitalization. Notably, Ripple, the company behind XRP, holds an early investment stake in the ETF.

To commemorate the ETF’s debut, 3iQ will ring the TSX’s closing bell today. The fund provides exposure to XRP, which has surged by 10,800% since January 2015, marking a dramatic long-term return for early investors.

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

3iQ Expands Crypto ETF Offerings

This latest XRP ETF follows 3iQ’s earlier success with the 3iQ Solana Staking ETF (SOLQ), which launched earlier this year. SOLQ focuses on long-term Solana (SOL) investments while rewarding holders with staking yields. Impressively, SOLQ has already grown into the largest Solana ETF, managing over $120 million in assets as of June 12, 2025.

Meanwhile, attention has shifted to the United States, where regulatory developments could open the door to further XRP adoption. Eleanor Terrett, a recognized crypto journalist, recently revealed that the SEC is inviting public comments regarding CBOE’s application to list the Franklin Templeton XRP Spot ETF. Although the SEC delayed its decision until June 17, it will now accept feedback through late July, potentially shaping the outcome of the much-anticipated approval.

XRP Ledger Sees Surge in On-Chain Activity

Simultaneously, the XRP Ledger continues to show strong on-chain momentum. Data from Santiment, a blockchain analytics firm, reports that daily active XRP addresses have soared to an average of 295,000 over the past week far above the usual 35,000 to 40,000 range seen over the past three months.

Moreover, for the first time in over 12 years of XRP’s history, there are now more than 2,700 whale and shark wallets holding at least one million XRP each, signaling growing institutional and high-net-worth investor confidence in the asset.

With the launch of the 3iQ XRP ETF and surging on-chain metrics, XRP has gained a significant foothold in the investment landscape. As Canadian investors gain regulated access through XRPQ, the upcoming SEC decision in the U.S. could mark another crucial turning point.

Lanre Durojaiye

Mr. Durojaiye Olusola is a finance graduate and cryptocurrency writer with over a year of experience providing market insights and clear, well-researched analysis. Dedicated to helping readers understand blockchain trends and digital asset developments.

Disclaimer: The information in this article should not be considered financial advice, and FXCryptoNews articles are intended only to provide educational and general information. Please consult with a financial advisor before making any investment decisions.