The Canadian Asset Director 3iq 3 ETF launched a focus on XRP for North America users. 3IQ XRP ETF (XRPQ) started trading today on the Toronto Stock Exchange (TSX), where investors were submitted to direct exposure to the fourth largest digital asset according to the maximum market.
Ripple, Blockchain behind Ledger XRP and Cryptocurrency XRP (XRP), is an early investor in the box, 3iq He said On Wednesday’s announcement. To celebrate this occasion, the 3IQ team will be associated with the closing TSX bell this afternoon.
For the first time ETF with management fees for six months 0 %. He invests exclusively in long -term XRP positions obtained by good reputable stock exchanges and OTC platforms, while keeping all the holdings of cold storage, according to the announcement.
“The launch of XRPQ represents another milestone in our mission to provide investors with comfortable and costly access to digital assets in an organized framework,” said Pascal Saint Jin, President and CEO of 3iq.
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New XRP ETF is available for global investors
XRPQ is available to Canadian investors through recorded and accessible accounts for qualified international investors, depending on local rules.
“XRP has shown great growth capabilities over the past decade, and this leading strategy for Canadian and qualified global investors provides a low -cost transparent and effective way to reach this opportunity safely,” added St. Jean.
The launch comes with the continued growth of institutional appetite for exposure to encryption, especially in products with organizational clarity and safe nursery structures.
Earlier this year, 3iq Solana Staking ETF launched. According to the company, the box is now the largest ETF Solana (SOL), with more than $ 120 million in management assets. The company was also the first to launch Bitcoin (BTC) boxes and ETHER (ETH) in the country of North America.
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More XRP boxes hit the markets
Another etf arrives from 3iq to another side focusing on XRP Release One of the purpose investments, which also started trading its XRP ETF this week.
Meanwhile, in the United States, the Securities and Stock Exchange Committee opened a general suspension period for the proposed ETF company from Franklin Templeton, including Franklin XRP ETF and Franklin Solana Etf, both of which aim to include the CBOE BZX exchange.
Despite the approval of the investment funds circulating in Bitcoin and Ether, companies are now competing to launch the first investment funds for specifications for other major symbols such as XRP and Solana.
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