XRP network activity surges as Canada launches an XRP ETF

Canadian plus manager 3iQ has launched an XRP-focused exchange-traded money (ETF) connected the Toronto Stock Exchange (TSX) nether the XRPQ ticker.

According to a June 18 statement, XRPQ volition connection investors a six-month waiver connected absorption fees and clasp lone semipermanent positions connected the integer asset. These assets are sourced from reputable exchanges and over-the-counter (OTC) platforms, and custody is secured done acold storage.

3iQ stated that Ripple, the blockchain steadfast connected to the token and the XRP Ledger (XRPL), is an aboriginal backer of the fund.

Pascal St-Jean, President and CEO of 3iQ, said:

“XRP has demonstrated important maturation imaginable implicit the past decade, and this groundbreaking strategy offers Canadian and qualified planetary investors a transparent, low-cost and tax-efficient mode to securely entree that opportunity.”

XRPQ is disposable to Canadian investors done registered accounts. The plus manager added that eligible planetary investors whitethorn besides participate, taxable to determination rules.

This motorboat follows a akin determination by Purpose Investments, which debuted its ain XRP ETF earlier this week.

XRP Ledger enactment spikes

The timing of XRPQ’s motorboat aligns with a notable surge successful XRP web activity.

Data from Santiment shows that progressive addresses connected the XRP Ledger person jumped from a three-month mean of 40,000 to 295,000, the highest level seen successful 2025.

The steadfast besides noted that the fig of wallets holding implicit 1 cardinal XRP has reached a grounds 2,700. This radical present holds a minimum of $2.25 cardinal successful XRP each, indicating rising involvement from ample investors and institutions.

Chart showing progressive addresses connected the XRP Ledger (Source: Santiment)

This improved web enactment tin beryllium linked to the blockchain network’s rising adoption by respective stablecoin projects, specified arsenic Circle’s USD Coin (USDC).

Moreover, the maturation tin besides beryllium linked to the developments successful the long-standing ineligible conflict betwixt the US Securities and Exchange Commission (SEC) and Ripple.

On June 17, the crypto-focused steadfast submitted a supplemental missive to Judge Analisa Torres successful its bid for an indicative ruling.

In the letter, Ripple sought to resoluteness a past tribunal ruling that ordered a $125 cardinal penalty.

The institution emphasized that this determination does not situation the court’s findings. Instead, it aims to reason proceedings efficiently portion respecting securities laws. It besides said it remains committed to afloat compliance and supports a solution that reduces strain connected the appeals process.

The station XRP web enactment surges arsenic Canada launches an XRP ETF appeared archetypal connected CryptoSlate.