3iQ's XRPQ Passes USD 50 Million AUM Milestone
3iQ's XRPQ Passes USD 50 Million AUM Milestone |
[14-July-2025] |
3iQ XRP ETF (TSX: XRPQ, XRPQ.U), Canada's largest XRP ETF, has surpassed USD 50 million in client assets since launch on June 18 TORONTO, July 14, 2025 /CNW/ -- 3iQ Corp. ("3iQ"), a global pioneer in digital asset investment solutions, proudly announces that after just 23 days of trading on the Toronto Stock Exchange (TSX), the 3iQ XRP ETF (Ticker: XRPQ, XRPQ.U) has crossed USD 50 million in assets under management. XRPQ launched on June 18 with a 0% management fee for the first six months, making it one of the most competitively priced digital asset ETFs on the market. The ETF is one of the first in North America providing exposure to XRP, the third largest crypto asset by market capitalization, excluding stablecoins. It invests only in long-term XRP holdings purchased from reputable digital asset trading platforms and over-the-counter counterparties. XRPQ's seed investors at launch included Ripple Labs, a provider of payment, custody, and stablecoin solutions for helping financial institutions integrate blockchain and digital assets into their businesses. "This significant milestone for our XRP ETF shows the continuing strong interest in these assets and highlights how retail and institutional investors are becoming increasingly discerning with their allocations, selecting this asset which offers a combination of the flexibility that comes with exchange traded funds, combined with the 0% management fee at launch that contrasts with the higher premiums which were the hallmark of earlier digital asset ETFs," said Pascal St-Jean, President and CEO of 3iQ. "Following on the success of our Solana Staking ETF (TSX: SOLQ), the largest Solana ETF in North America, 3iQ has maintained its lead with XRPQ." XRPQ's underlying assets are fully secured in standalone cold storage. Registered accounts in Canada are eligible to invest in the ETF, and its TSX listing makes it available to qualified investors around the globe, subject to local requirements. To learn more about the 3iQ XRP ETF (XRPQ), please visit https://www.3iq.io/our-funds/3iq-xrp-etf. About 3iQ Digital Asset Management W: https://www.3iq.io/ Media Contacts for 3iQ North America Julie Mercuro Europe Important information Please read the prospectus before investing. Important information about the ETF is contained in the prospectus. Copies of the prospectus may be obtained from 3iQ Corp. or at www.sedar.com. This press release is for information purposes only and does not constitute an offer to sell or a solicitation to buy securities. Commissions, trailing commissions, management fees and expenses all may be associated with ETF investments. Please read the prospectus before investing. ETFs are not guaranteed, their values change frequently, and past performance may not be repeated. THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO OR FROM THE UNITED STATES OR ANY JURISDICTION IN WHICH THE SAME WOULD BE UNLAWFUL. This announcement should not be distributed, forwarded, transmitted or otherwise disseminated in or into the United States, including to US news wire services. This announcement does not constitute an offer to sell or issue or the solicitation of an offer to buy or subscribe for securities in the United States or any other jurisdiction. Securities of the ETF have not been and will not be registered under the United States Securities Act of 1933, as amended (the "Securities Act"), or under the applicable securities laws of any state or other jurisdiction of the United States, and may not be offered, sold, resold, transferred or delivered, directly or indirectly within, into or in the United States, absent registration or an applicable exemption from, or except in a transaction not subject to, the registration requirements of the Securities Act and in compliance with the securities laws of any relevant state or other jurisdiction of the United States. Neither this announcement, nor the fact that it has been disseminated, shall form the basis of, or be relied upon in connection with, any future information that we distribute.
SOURCE 3iQ | ||
Company Codes: Toronto:SOLQ, Toronto:XRPQ, Toronto:XRPQ.U |