XRP ETF Surpasses $50 Million in Assets Under Management Within a Month of Launch in Canada
Summary
- The XRP Exchange-Traded Fund (ETF) launched in Canada has surpassed $50 million in assets under management within a month.
- 3iQ stated that continued interest in the XRP ETF reflects prudent asset allocation by individual and institutional investors.
- It was reported that clients are drawn to the 0% management fee and the flexibility of the exchange-listed fund.
The XRP Exchange-Traded Fund (ETF), launched in Canada, achieved the remarkable milestone of surpassing $50 million in assets under management within just one month.
On the 15th (KST), 3iQ, the issuer of the XRP ETF, announced via X (formerly Twitter), “We are pleased to share that the three XRP ETF products launched on June 18 have accumulated over $50 million in client assets.”
3iQ added, “This significant milestone for the XRP ETF demonstrates the ongoing robust interest in this asset and indicates that both individual and institutional investors are becoming increasingly prudent in their asset allocation.” It continued, “Clients are choosing this asset, which combines the flexibility of an exchange-listed fund with a 0% management fee at launch,” adding, “This is in contrast to the high premiums that characterized previous digital asset ETFs.”
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
