Buy Crypto- Markets
Futures- Spot
- Copy Trade
- Earn
- More
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.
You may also like
From x402 to MPP: Cloudflare's crucial vote, will it go to Coinbase or Stripe?
BlackRock CEO issues annual open letter: The wave of tokenization has arrived, and we will lead this trend
When Backpack backstabs the community
When gold is no longer a safe haven, and Bitcoin continues to panic
Trump, the World's Largest Oil Trader
If the US and Iran have not reached an agreement in 5 days, what other cards does Trump have?
Tether Whale Dumps £12 Million, Backing Crypto’s ‘British Trump’
Ethereum Foundation Post: Rethinking the Division of Work Between L1 and L2 to Build the Ultimate Ethereum Ecosystem
Two Major Prediction Market Platforms Unite Rarely, What Is the Story Behind This New Fund?
Dragonfly Partners: Most agents will not engage in autonomous trading, how can crypto payments prevail?
US AI Startup Goes All In on Chinese Mega-Model | Rewire News Morning Brief
Trump Lies Again: A "Five-Day Pause" Psyop, How Wall Street, Bitcoin, and Polymarket Insiders Synced Uposciogen
When a Token Becomes Labor, People Become the Interface
Ceasefire News Leaked Ahead of Time? Large Polymarket Bets on Outcome Before Trump's Tweet
BlackRock CEO's Annual Shareholder Letter: How is Wall Street Using AI to Keep Profiting from National Pension Funds?
Sun Valley Releases 2025 Financial Report: Bitcoin Mining Revenue Reaches $670 Million, Accelerating Transformation to AI Infrastructure Platform
On March 16, 2026, in Dallas, Texas, USA, CanGu Company (New York Stock Exchange code: CANG, hereinafter referred to as "CanGu" or the "Company") today announced its unaudited financial performance for the fourth quarter and full year ended December 31, 2025. As a btc-42">bitcoin mining enterprise relying on a globally operated layout and dedicated to building an integrated energy and AI computing power platform, CanGu is actively advancing its business transformation and infrastructure development.
• Financial Performance:
Total revenue for the full year 2025 was $688.1 million, with $179.5 million in the fourth quarter.
Bitcoin mining business revenue for the full year was $675.5 million, with $172.4 million in the fourth quarter.
Full-year adjusted EBITDA was $24.5 million, while the fourth quarter was -$156.3 million.
• Mining Operations and Costs:
A total of 6,594.6 bitcoins were mined throughout the year, averaging 18.07 bitcoins per day; of which 1,718.3 bitcoins were mined in the fourth quarter, averaging 18.68 bitcoins per day.
The average mining cost for the full year (excluding miner depreciation) was $79,707 per bitcoin, and for the fourth quarter, it was $84,552;
The all-in sustaining costs were $97,272 and $106,251 per bitcoin, respectively.
As of the end of December 2025, the company has cumulatively produced 7,528.4 bitcoins since entering the bitcoin mining business.
• Strategic Progress:
The company has completed the termination of the American Depositary Receipt (ADR) program and transitioned to a direct listing on the NYSE to enhance information transparency and align with its strategic direction, with a long-term goal of expanding its investor base.
CEO Paul Yu stated: "2025 marked the company's first full year as a bitcoin mining enterprise, characterized by rapid execution and structural reshaping. We completed a comprehensive adjustment of our asset system and established a globally distributed mining network. Additionally, the company introduced a new management team, further strengthening our capabilities and competitive advantage in the digital asset and energy infrastructure space. The completion of the NYSE direct listing and USD pricing also signifies our transformation into a global AI infrastructure company."
"As we enter 2026, the company will continue to optimize its balance sheet structure and enhance operational efficiency and cost resilience through adjustments to the miner portfolio. At the same time, we are advancing our strategic transformation into an AI infrastructure provider. Leveraging EcoHash, we will utilize our capabilities in scalable computing power and energy networks to provide cost-effective AI inference solutions. The relevant site transformations and product development are progressing simultaneously, and the company is well-positioned to sustain its execution in the new phase."
The company's Chief Financial Officer, Michael Zhang, stated: "By 2025, the company is expected to achieve significant revenue growth through its scaled mining operations. Despite recording a net loss of $452.8 million from ongoing operations, mainly due to one-time transformation costs and market-driven fair value adjustments, the company, from a financial perspective, will reduce its leverage, optimize its Bitcoin reserve strategy and liquidity management, introduce new capital to strengthen its financial position, and seize investment opportunities in high-potential areas such as AI infrastructure while navigating market volatility."
The total revenue for the fourth quarter was $1.795 billion. Of this, the Bitcoin mining business contributed $1.724 billion in revenue, generating 1,718.3 Bitcoins during the quarter. Revenue from the international automobile trading business was $4.8 million.
The total operating costs and expenses for the fourth quarter amounted to $4.56 billion, primarily attributed to expenses related to the Bitcoin mining business, as well as impairment of mining machines and fair value losses on Bitcoin collateral receivables.
This includes:
· Cost of Revenue (excluding depreciation): $1.553 billion
· Cost of Revenue (depreciation): $38.1 million
· Operating Expenses: $9.9 million (including related-party expenses of $1.1 million)
· Mining Machine Impairment Loss: $81.4 million
· Fair Value Loss on Bitcoin Collateral Receivables: $171.4 million
The operating loss for the fourth quarter was $276.6 million, a significant increase from a loss of $0.7 million in the same period of 2024, primarily due to the downward trend in Bitcoin prices.
The net loss from ongoing operations was $285 million, compared to a net profit of $2.4 million in the same period last year.
The adjusted EBITDA was -$156.3 million, compared to $2.4 million in the same period last year.
The total revenue for the full year was $6.881 billion. Of this, the revenue from the Bitcoin mining business was $6.755 billion, with a total output of 6,594.6 Bitcoins for the year. Revenue from the international automobile trading business was $9.8 million.
The total annual operating costs and expenses amount to $1.1 billion.
Specifically, they include:
· Revenue Cost (excluding depreciation): $543.3 million
· Revenue Cost (depreciation): $116.6 million
· Operating Expenses: $28.9 million (including related-party expenses of $1.1 million)
· Miner Impairment Loss: $338.3 million
· Bitcoin Collateral Receivable Fair Value Change Loss: $96.5 million
The full-year operating loss is $437.1 million. The continuing operations net loss is $452.8 million, while in 2024, there was a net profit of $4.8 million.
The 2025 non-GAAP adjusted net profit is $24.5 million (compared to $5.7 million in 2024). This measure does not include share-based compensation expenses; refer to "Use of Non-GAAP Financial Measures" for details.
As of December 31, 2025, the company's key assets and liabilities are as follows:
· Cash and Cash Equivalents: $41.2 million
· Bitcoin Collateral Receivable (Non-current, related party): $663.0 million
· Miner Net Value: $248.7 million
· Long-Term Debt (related party): $557.6 million
In February 2026, the company sold 4,451 bitcoins and repaid a portion of related-party long-term debt to reduce financial leverage and optimize the asset-liability structure.
As per the stock repurchase plan disclosed on March 13, 2025, as of December 31, 2025, the company had repurchased a total of 890,155 shares of Class A common stock for approximately $1.2 million.
The US AI Startup Is Loving China's Open Source Model
App