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FNB supported by waves launch in Canada

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The Canada Stock Exchange in Toronto has seen a new participant today aimed at making XRP more accessible to investors. The 3iq Corp. Deployed sound ETF XRP based on the point, negotiating under the XRPQ Ticker, with management fees of 0% for the first six months.

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Based on reportsThis decision offers retail and institutional customers a way to own XRP without worrying about private portfolios or unregulated platforms.

Building confidence by custody

According to the announcementXRPQ will keep its XRP parts in cold storage, maintained separate for each investor in order to reduce the chances of hacking.

The fund plans to buy XRP from regulated sources such as excessive offices. This configuration reflects what other digital funds do for Bitcoin and Ether.

Backward

Ripple de San Francisco has participated in the new fundaccording to reports. The company has not shared how much it has invested, but its support sends a strong message. This shows that Ripple believes in the structure and security of XRPQ, even after years of uncertainty on XRP in the American courts.

XRP growth over a decade

2015 to now show that show that XRP price jumped at around 10,700%, from $ 0.02 at the time to $ 2.16 today.

This increase stresses why the CEO and president of 3iq, Pascal St – Jean, described CE ETF in “easy way for Canadians and qualified investors abroad to draw from the growth of XRP”. He called the TSX closing bell to mark the launch.

XRP is currently negotiated at $ 2.15. Chart: Tradingview

The goal joins the melee

The reports also reveal that Investments for purpose launched his own ETF XRP, XRPP, the same day. This makes two ETF XRP spots now available on the same exchange. The two products aim to give investors a regulated path to XRP, but only time will say which approach wins more fans.

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In the approval of the United States

According to industry observers, more than 10 applications for an ETF XRP Spot are currently waiting for the American Securities and Exchange Commission. Traders and managers predict that a green light could happen by October 2025.

Until then, American investors will watch from the sidelines, while Canada continues to lead in Crypto-ETF innovation.

With the beginnings of XRPQ, 3iq highlights its mission to open digital assets in a regulated manner. It is a clear sign that the more traditional markets warm up in the crypto.

And with the support of Ripple and a zero-fee for half a year, this new ETF could attract the attention of anyone who wants an XRP exhibition without the usual obstacles.

Pixabay star image, tradingview graphic



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