Pascal St-Jean, President and CEO of 3iQ, said:
“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.”
XRPQ is available to Canadian investors through registered accounts. The asset manager added that eligible global investors may also participate, subject to regional rules.
The timing of XRPQ’s launch aligns with a notable surge in XRP network activity.
Data from Santiment shows that active addresses on the XRP Ledger have jumped from a three-month average of 40,000 to 295,000, the highest level seen in 2025.
The firm also noted that the number of wallets holding over 1 million XRP has reached a record 2,700. This group now holds a minimum of $2.25 million in XRP each, indicating rising interest from large investors and institutions.
In the letter, Ripple sought to resolve a past court ruling that ordered a $125 million penalty.
The company emphasized that this move does not challenge the court’s findings. Instead, it aims to conclude proceedings efficiently while respecting securities laws. It also said it remains committed to full compliance and supports a resolution that reduces strain on the appeals process.
