XRP ETF Buzz: 3iQ Leads the Charge as BlackRock Eyes Digital Assets

3iQ launches an XRP ETF in Canada, while BlackRock hints at altcoin interest, signaling a shift in the digital asset landscape. Is an XRP ETF revolution on the horizon?

The world of digital assets is heating up! With 3iQ launching an XRP ETF and BlackRock potentially entering the altcoin arena, things are getting interesting.

3iQ's XRP ETF: A Canadian First

Canadian asset manager 3iQ has officially launched its XRP ETF (XRPQ) on the Toronto Stock Exchange (TSX). This move provides North American investors with direct exposure to XRP, the fourth-largest digital asset by market cap. Ripple, the company behind XRP, is even an early investor in the fund, according to 3iQ.

What's the deal? The ETF boasts a 0% management fee for the first six months and invests exclusively in long-term XRP positions acquired from reputable sources, all held in cold storage. Pascal St-Jean, president and CEO of 3iQ, emphasizes that XRPQ offers a convenient, cost-effective way to access digital assets within a regulated framework. It's available to Canadian investors through registered accounts and to qualified international investors, depending on local rules.

BlackRock's Altcoin Curiosity: XRP Next?

Rumors are swirling about BlackRock, the world's largest asset manager, potentially filing for an XRP ETF. This is a big deal because BlackRock has historically avoided altcoins. However, recent buzz suggests a change of heart.

ETF expert Nate Geraci hinted that upcoming decisions might include XRP and SOL ETFs, aligning with BlackRock's previous Bitcoin and Ethereum ETF strategies. Andrew Parish, founder of x3, predicts BlackRock will eventually support ETFs holding XRP and SOL, citing the growing crypto ETF market. Parish views crypto assets as a