3iQ Unveils XRP ETF on Toronto Stock Exchange, Backed by Ripple Investment as of August 7, 2025
Imagine stepping into a world where investing in digital assets feels as straightforward as buying shares in your favorite company. That’s the exciting shift happening today, August 7, 2025, as Canadian asset manager 3iQ rolls out its innovative XRP ETF on the Toronto Stock Exchange. This move, supported directly by Ripple, the powerhouse behind the XRP Ledger, is making waves by giving North American investors a seamless way to tap into the potential of XRP, the fourth-largest cryptocurrency by market capitalization.
XRP ETF Launch Sparks Excitement with Ripple’s Support
Picture this: You’re an investor eyeing the dynamic crypto market but wanting the security of traditional finance. Enter the 3iQ XRP ETF, trading under the tickers TSX: XRPQ and XRPQ.U, which kicked off trading today on the Toronto Stock Exchange. This ETF provides direct exposure to XRP, a digital asset renowned for its rapid transaction speeds and minimal fees. Ripple, the blockchain innovator driving the XRP Ledger, has stepped in as an early investor in this fund, signaling strong confidence in its future.
To celebrate this milestone, the 3iQ team is set to ring the closing bell at the Toronto Stock Exchange this afternoon, adding a touch of ceremony to what could be a game-changer for crypto adoption. What’s even more appealing? The ETF launches with zero management fees for the first six months, making it an incredibly accessible entry point. It focuses solely on holding long-term XRP positions, sourced from trusted exchanges and over-the-counter platforms, with all assets securely stored in cold storage for peace of mind.
“The debut of XRPQ represents a key step in our ongoing effort to deliver easy, affordable access to digital assets in a regulated environment,” shared Pascal St-Jean, President and CEO of 3iQ. This aligns perfectly with the growing demand for products that bridge the gap between crypto’s innovation and the stability of traditional investments.
Global Access and XRP’s Proven Strengths Highlighted in New ETF
This XRP ETF isn’t just for Canadians—it’s designed for qualified international investors too, subject to local regulations. XRP has shown remarkable resilience and growth over the last decade, much like a reliable engine powering cross-border payments with its lightning-fast settlements in seconds and fees averaging less than a cent. Compare that to traditional banking wires, which can take days and cost a fortune—XRP’s efficiency is like upgrading from a clunky old car to a sleek electric vehicle.
As institutional interest in crypto surges, especially in regulated products with robust custody, this launch feels timely. Earlier this year, 3iQ introduced the Solana Staking ETF (TSX: SOLQ), which has grown to become the largest of its kind, boasting over $120 million in assets under management. The firm also pioneered Bitcoin and Ether funds in North America, setting a precedent for innovation.
In the spirit of brand alignment, it’s worth noting how platforms like the WEEX exchange are enhancing this ecosystem. WEEX stands out with its user-friendly interface, top-tier security features, and seamless trading options for assets like XRP, making it a trusted choice for both new and seasoned investors looking to diversify their portfolios. Its commitment to low fees and reliable performance perfectly complements the accessibility of products like the 3iQ XRP ETF, empowering users to engage with crypto confidently.
Competitive Landscape Grows with More XRP Funds Emerging
The timing couldn’t be better, as this isn’t the only XRP-focused product hitting the scene. Purpose Investments also launched its spot XRP ETF (TSX: XRPP) this week, expanding options for investors. Over in the United States, the Securities and Exchange Commission has initiated a public comment period for proposed ETFs from Franklin Templeton, including the Franklin XRP ETF and Franklin Solana ETF, both targeting listing on the Cboe BZX Exchange.
While Bitcoin and Ether ETFs have already gained approval, asset managers are now racing to introduce spot ETFs for other prominent tokens like XRP and Solana, much like explorers charting new territories in a vast ocean of opportunities.
Recent buzz on Twitter highlights discussions around XRP’s potential price surges amid regulatory clarity, with users sharing posts about Ripple’s ongoing developments and ETF impacts. For instance, a viral thread from Ripple’s official account today emphasized the ETF’s role in mainstream adoption. On Google, frequently searched questions include “How to buy XRP ETF in Canada?” and “What is the future of XRP with new ETFs?”, reflecting heightened interest. Latest updates as of August 7, 2025, show XRP trading at $2.15 with a 2.8% daily gain, market cap at $123.5B, and 24-hour volume of $2.5B—up from previous figures amid positive market sentiment. Comparatively, Bitcoin sits at $105,200 (up 1.2%), Ethereum at $2,510 (up 1.8%), Solana at $146.50 (up 2.9%), and other assets like BNB at $652.40 (up 1.0%), all underscoring a bullish trend supported by real-world data from major exchanges.
This wave of ETF launches is like opening floodgates, allowing more people to participate in crypto’s growth story without the complexities of direct wallet management. It’s persuasive evidence that regulated vehicles are key to unlocking broader adoption, backed by XRP’s decade-long track record of utility in payments.
FAQ
What makes the 3iQ XRP ETF a good investment option?
The 3iQ XRP ETF offers direct, regulated exposure to XRP with zero management fees for the first six months, secure cold storage, and backing from Ripple, making it a low-cost, convenient way to invest in a proven digital asset known for fast, cheap transactions.
How does this XRP ETF compare to other crypto ETFs?
Unlike Bitcoin or Ether ETFs that focus on those assets, the XRP ETF targets XRP’s unique strengths in speed and efficiency, similar to how 3iQ’s Solana ETF emphasizes staking rewards, providing diversified options in a growing market.
Can international investors access the 3iQ XRP ETF?
Yes, qualified international investors can access it depending on local regulations, offering a transparent and tax-efficient path to XRP exposure beyond just Canadian markets.
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Debunking the AI Doomsday Myth: Why Establishment Inertia and the Software Wasteland Will Save Us
Editor's Note: Citrini7's cyberpunk-themed AI doomsday prophecy has sparked widespread discussion across the internet. However, this article presents a more pragmatic counter perspective. If Citrini envisions a digital tsunami instantly engulfing civilization, this author sees the resilient resistance of the human bureaucratic system, the profoundly flawed existing software ecosystem, and the long-overlooked cornerstone of heavy industry. This is a frontal clash between Silicon Valley fantasy and the iron law of reality, reminding us that the singularity may come, but it will never happen overnight.
The following is the original content:
Renowned market commentator Citrini7 recently published a captivating and widely circulated AI doomsday novel. While he acknowledges that the probability of some scenes occurring is extremely low, as someone who has witnessed multiple economic collapse prophecies, I want to challenge his views and present a more deterministic and optimistic future.
In 2007, people thought that against the backdrop of "peak oil," the United States' geopolitical status had come to an end; in 2008, they believed the dollar system was on the brink of collapse; in 2014, everyone thought AMD and NVIDIA were done for. Then ChatGPT emerged, and people thought Google was toast... Yet every time, existing institutions with deep-rooted inertia have proven to be far more resilient than onlookers imagined.
When Citrini talks about the fear of institutional turnover and rapid workforce displacement, he writes, "Even in fields we think rely on interpersonal relationships, cracks are showing. Take the real estate industry, where buyers have tolerated 5%-6% commissions for decades due to the information asymmetry between brokers and consumers..."
Seeing this, I couldn't help but chuckle. People have been proclaiming the "death of real estate agents" for 20 years now! This hardly requires any superintelligence; with Zillow, Redfin, or Opendoor, it's enough. But this example precisely proves the opposite of Citrini's view: although this workforce has long been deemed obsolete in the eyes of most, due to market inertia and regulatory capture, real estate agents' vitality is more tenacious than anyone's expectations a decade ago.
A few months ago, I just bought a house. The transaction process mandated that we hire a real estate agent, with lofty justifications. My buyer's agent made about $50,000 in this transaction, while his actual work — filling out forms and coordinating between multiple parties — amounted to no more than 10 hours, something I could have easily handled myself. The market will eventually move towards efficiency, providing fair pricing for labor, but this will be a long process.
I deeply understand the ways of inertia and change management: I once founded and sold a company whose core business was driving insurance brokerages from "manual service" to "software-driven." The iron rule I learned is: human societies in the real world are extremely complex, and things always take longer than you imagine — even when you account for this rule. This doesn't mean that the world won't undergo drastic changes, but rather that change will be more gradual, allowing us time to respond and adapt.
Recently, the software sector has seen a downturn as investors worry about the lack of moats in the backend systems of companies like Monday, Salesforce, Asana, making them easily replicable. Citrini and others believe that AI programming heralds the end of SaaS companies: one, products become homogenized, with zero profits, and two, jobs disappear.
But everyone overlooks one thing: the current state of these software products is simply terrible.
I'm qualified to say this because I've spent hundreds of thousands of dollars on Salesforce and Monday. Indeed, AI can enable competitors to replicate these products, but more importantly, AI can enable competitors to build better products. Stock price declines are not surprising: an industry relying on long-term lock-ins, lacking competitiveness, and filled with low-quality legacy incumbents is finally facing competition again.
From a broader perspective, almost all existing software is garbage, which is an undeniable fact. Every tool I've paid for is riddled with bugs; some software is so bad that I can't even pay for it (I've been unable to use Citibank's online transfer for the past three years); most web apps can't even get mobile and desktop responsiveness right; not a single product can fully deliver what you want. Silicon Valley darlings like Stripe and Linear only garner massive followings because they are not as disgustingly unusable as their competitors. If you ask a seasoned engineer, "Show me a truly perfect piece of software," all you'll get is prolonged silence and blank stares.
Here lies a profound truth: even as we approach a "software singularity," the human demand for software labor is nearly infinite. It's well known that the final few percentage points of perfection often require the most work. By this standard, almost every software product has at least a 100x improvement in complexity and features before reaching demand saturation.
I believe that most commentators who claim that the software industry is on the brink of extinction lack an intuitive understanding of software development. The software industry has been around for 50 years, and despite tremendous progress, it is always in a state of "not enough." As a programmer in 2020, my productivity matches that of hundreds of people in 1970, which is incredibly impressive leverage. However, there is still significant room for improvement. People underestimate the "Jevons Paradox": Efficiency improvements often lead to explosive growth in overall demand.
This does not mean that software engineering is an invincible job, but the industry's ability to absorb labor and its inertia far exceed imagination. The saturation process will be very slow, giving us enough time to adapt.
Of course, labor reallocation is inevitable, such as in the driving sector. As Citrini pointed out, many white-collar jobs will experience disruptions. For positions like real estate brokers that have long lost tangible value and rely solely on momentum for income, AI may be the final straw.
But our lifesaver lies in the fact that the United States has almost infinite potential and demand for reindustrialization. You may have heard of "reshoring," but it goes far beyond that. We have essentially lost the ability to manufacture the core building blocks of modern life: batteries, motors, small-scale semiconductors—the entire electricity supply chain is almost entirely dependent on overseas sources. What if there is a military conflict? What's even worse, did you know that China produces 90% of the world's synthetic ammonia? Once the supply is cut off, we can't even produce fertilizer and will face famine.
As long as you look to the physical world, you will find endless job opportunities that will benefit the country, create employment, and build essential infrastructure, all of which can receive bipartisan political support.
We have seen the economic and political winds shifting in this direction—discussions on reshoring, deep tech, and "American vitality." My prediction is that when AI impacts the white-collar sector, the path of least political resistance will be to fund large-scale reindustrialization, absorbing labor through a "giant employment project." Fortunately, the physical world does not have a "singularity"; it is constrained by friction.
We will rebuild bridges and roads. People will find that seeing tangible labor results is more fulfilling than spinning in the digital abstract world. The Salesforce senior product manager who lost a $180,000 salary may find a new job at the "California Seawater Desalination Plant" to end the 25-year drought. These facilities not only need to be built but also pursued with excellence and require long-term maintenance. As long as we are willing, the "Jevons Paradox" also applies to the physical world.
The goal of large-scale industrial engineering is abundance. The United States will once again achieve self-sufficiency, enabling large-scale, low-cost production. Moving beyond material scarcity is crucial: in the long run, if we do indeed lose a significant portion of white-collar jobs to AI, we must be able to maintain a high quality of life for the public. And as AI drives profit margins to zero, consumer goods will become extremely affordable, automatically fulfilling this objective.
My view is that different sectors of the economy will "take off" at different speeds, and the transformation in almost all areas will be slower than Citrini anticipates. To be clear, I am extremely bullish on AI and foresee a day when my own labor will be obsolete. But this will take time, and time gives us the opportunity to devise sound strategies.
At this point, preventing the kind of market collapse Citrini imagines is actually not difficult. The U.S. government's performance during the pandemic has demonstrated its proactive and decisive crisis response. If necessary, massive stimulus policies will quickly intervene. Although I am somewhat displeased by its inefficiency, that is not the focus. The focus is on safeguarding material prosperity in people's lives—a universal well-being that gives legitimacy to a nation and upholds the social contract, rather than stubbornly adhering to past accounting metrics or economic dogma.
If we can maintain sharpness and responsiveness in this slow but sure technological transformation, we will eventually emerge unscathed.
Source: Original Post Link

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