The 3iQ XRP ETF (ticker: XRPQ) has rapidly emerged as Canada’s largest XRP-focused exchange-traded fund, amassing CAD32 million in assets under management just three days after debuting on the Toronto Stock Exchange.

XRPQ was launched last week with a zero management fee for the initial six months, making it one of the cheapest digital asset ETFs in North America.

It provides indirect access to XRP, the fourth-largest cryptocurrency via market capitalization, using long-term positions that are provided by trusted digital trading sources and over-the-counter partners. At the fund’s launch, one of the seed investors was Ripple.

XRP Market Shows Resilience Amid Volatility

This is the second such milestone this year for 3iQ. In April 2025, the Solana staking ETF issued by the firm raised CAD90 million in only two days of trading and became the largest Solana-focused ETF in the country.

In the meantime, the XRP price has remained remarkably stable in the face of rising volatility of other digital assets due to the global economic uncertainty and political tensions.

XRP briefly fell under the $2 barrier but rebounded on what was a record day of futures trading volumes, with almost $3.96 billion in XRP-based derivatives marking a resurgence of appetite among institutions.

The momentum of ETFs is picking up in North America too. Recently, a U.S. Securities and Exchange Commission began a public-commentation of proposed XRP ETF by Franklin Templeton. Analysts at Bloomberg take the step to be a serious step in the direction of regulation, giving 90 percent chances of XRP-based ETFs making it.

At the time of writing, XRP was exchanging hands at $1.99, with a 24-hour increase of 1.18 percent. The next key resistance level that is being observed by market watchers is at $2.14.