12:19 PM EDT, 06/18/2025 (MT Newswires) -- 3iQ (XRPQ.TO), a company providing digital asset investment solutions, on Wednesday announced the launch of the 3iQ XRP ETF (XRPQ.TO, XRPQ.U), opening trade on the Toronto Stock Exchange..

According to a company statement, XRPQ is "one of the first exchange-traded fund (ETF) in North America to provide investors with exposure to XRP," the third-largest digital asset by market capitalization.

XRP is the native digital asset of the XRP Ledger, an open-source blockchain designed for "high-speed, low-cost payments across borders." Since January 2015, XRP's price has climbed from $0.02 to over $2.19, an increase of more than 10,800%

"XRP has demonstrated significant growth potential over the past decade, and this groundbreaking strategy offers Canadian and qualified global investors a transparent, low-cost and tax-efficient way to securely access that opportunity," said President and CEO Pascal St-Jean. "Ripple Labs' investment support reflects our shared leadership in advancing the digital asset space."

The company's shares were last seen down $0.11 to $13.4& on the Toronto Stock Exchange.

Price: 13.47, Change: -0.11, Percent Change: -0.81