Positive news for XRP is coming in succession! A step closer to the approval of the Spot ETF in the USA!

After the settlement between the SEC and Ripple, the likelihood of approval for the XRP ETF in the US is increasing, while positive news is coming in succession for XRP ETFs worldwide.

At this point, there is positive news regarding XRP from Canada. According to Coindesk, Canadian cryptocurrency asset manager 3iQ announced that it has launched an XRP ETF with zero management fees for six months.

The ETF that will start trading under the code XRPQ on the Toronto Stock Exchange offers investors direct exposure to the fourth largest cryptocurrency by market capitalization.

The ETF is being launched with a management fee of 0% for six months. According to the announcement, it invests only in long-term XRP positions acquired from reputable exchanges and OTC platforms, and all assets are kept in cold storage.

"XRPQ is one of the first exchange-traded funds in North America that provides investors with exposure to XRP, the third largest digital asset by market capitalization.

3iQ's XRP ETF provides investors with a transparent and cost-effective way to invest in XRP for the long term.

3iQ CEO Pascal St-Jean stated, "XRP has shown significant growth potential in the last decade and this groundbreaking strategy offers Canadian and qualified global investors a transparent, low-cost, and tax-efficient way to access this opportunity safely. Ripple Labs' investment support reflects our joint leadership in advancing the digital asset space."

3iQ's XRP ETF is coming alongside Purpose Investments' spot XRP ETF, which will begin trading this week (TSX: XRPP).

*It is not investment advice.

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