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Following Bitcoin and Ethereum, spot ETF approval for altcoins is also expected in the US. $XRP and Solana are among the top candidates for approval, while $XRP ETFs outside the US have already begun to achieve significant success.
The 3IQ $XRP ETF, the largest North American spot ETF, has surpassed $50 million in client assets since its launch on June 18.
According to data, the 3iQ $XRP ETF has reached a remarkable milestone of surpassing $50 million in assets under management just 23 days after it began trading on the Toronto Stock Exchange (TSX).
The $XRP ETF was launched on June 18 with a 0% management fee for the first six months, making it one of the most competitively priced ETFs in the market.
3iQ President and CEO Pascal St-Jean commented on the success of the $XRP ETF:
“This significant milestone for our $XRP ETF demonstrates continued strong interest in $XRP and the increasing prudence of asset allocation from both individual and institutional investors.
Clients prefer this asset because it combines the flexibility of an exchange-traded fund with a 0% management fee at launch.
This fee contrasts with the high premiums that were a hallmark of previous digital asset ETFs.
Following the tremendous success of our Solana Staking ETF, the largest Solana ETF in North America, 3iQ continues to lead with $XRP.”
*This is not investment advice.