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Jun 18, 2025

3iQ launches 3iQ XRP ETF (tickers: XRPQ, XRPQ.U), powered by CF Benchmarks’ regulated XRPUSD_NY index

3iQ’s XRP ETF is among the first in North America offering regulated access to XRP

3iQ XRP ETF now live

CF Benchmarks is delighted to congratulate 3iQ Corp on the successful launch today of its 3iQ XRP ETF, one of the first listings of its kind in North America.

The ETF is now trading on the Toronto Stock Exchange (TSX) under the ticker XRPQ, for the Canadian dollar-denominated pricing series, and XRPQ.U, for the U.S. dollar-denominated pricing series.

Note the tickers share the same CUSIP, being units of the same underlying fund.

Safe, secure XRP investing

The launch of 3iQ XRP ETF means that for the first time, institutions, as well as individuals transacting on the Canadian market through a brokerage account, can gain exposure to XRP within the familiar, safe and secure structure of an ETF, with no need to handle crypto directly.

The XRP Opportunity

XRP is the native token of the XRP Ledger (XRPL), a decentralized, layer-1 blockchain, known for cost-effective payments and fast transaction speeds.

Attracted by these features, major financial institutions have transacted more than $1 trillion over the network since it was established by the founders of Ripple Labs, Inc. in 2012, deploying XRPL for real-time cross-border payments, remittances, tokenization projects, and other uses.

This ubiquity has helped contribute to XRP’s market value of approximately $143 billion (as of May 14th, 2025) cementing its position among digital assets too important for crypto investors to ignore.

Regulated benchmark: XRPUSD_NY

The launch of 3iQ XRP ETF, 3iQ’s third exchange traded product, also marks the expansion of its partnership with CF Benchmarks, the provider of the fund’s regulated benchmark index:

CME CF XRP-Dollar Reference Rate – New York Variant (XRPUSD_NY)

We’re proud to note 3iQ utilizes our regulated benchmark methodology to calculate the net asset value (NAV) of all its ETFs.

XRPUSD_NY is a once-a-day benchmark index price for XRP, synchronized with the traditional North American financial market close of 16:00 New York Time. It aggregates trade data from multiple XRP-USD markets operated by major cryptocurrency exchanges that conform to CF Benchmarks’ rigorous regulatory requirements.

Like all CF Benchmarks pricing sources, XRPUSD_NY is underpinned by our status as the first and leading cryptocurrency Benchmark Administrator, authorized and regulated by the UK FCA under the UK Benchmarks Regulation framework (BMR).

XRPUSD_NY is a Registered Benchmark under UK BMR, and a Third Country benchmark, under the EU's Benchmarks Regulation framework.

The index is the preeminent index price for XRP risk settlement, being the settlement price for CME Group XRP futures, the primary CFTC-regulated Designated Contract Market (DCM) for XRP.

XRP the 3iQ Way

3iQ’s lengthy track record of digital assets-focused investment management, plus unmatched bench of specialized expertise in crypto ETFs, backed by the proven integrity and institutional liquidity of CF Benchmarks’ regulated digital asset indices, assures investors of a fully secure, efficient and streamlined means of gaining exposure to the XRP opportunity via the 3iQ XRP ETF.

Learn more about the 3iQ XRP ETF

Learn more about CME CF XRP-Dollar Reference Rate - New York Variant (XRPUSD_NY)

XRP: Powering Global Liquidity in Real Time
XRP is a leading, mega-cap token, offering rapid cross-border payments with 3-5 second settlement times. Even a small 3.9% allocation enhances portfolio efficiency, providing diversification through moderate correlations with other cryptos and an asymmetric risk-reward profile.
CF BenchmarksGabriel Selby
  • Explore our XRPUSD_NY research:
Suitability Analysis of the CME CF XRP-Dollar Reference Rate as a Basis for Regulated Financial Products
This paper seeks to understand whether the CME CF XRP-Dollar Reference Rate (XRPUSD_RR) meets the standards required of pricing benchmarks as defined by the Benchmarks Regulation (BMR) framework.
CF BenchmarksCF Benchmarks

The information contained within is for educational and informational purposes ONLY. It is not intended nor should it be considered an invitation or inducement to buy or sell any of the underlying instruments cited including but not limited to cryptoassets, financial instruments or any instruments that reference any index provided by CF Benchmarks Ltd. This communication is not intended to persuade or incite you to buy or sell security or securities noted within. Any commentary provided is the opinion of the author and should not be considered a personalised recommendation. Please contact your financial adviser or professional before making an investment decision.


Note: Some of the underlying instruments cited within this material may be restricted to certain customer categories in certain jurisdictions.


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