In a significant move for institutional crypto adoption, United Arab Emirates-based Further Asset Management and Canadian investment firm 3iQ have launched a $100 million market-neutral hedge fund designed specifically for sophisticated investors. The Further x 3iQ Alpha Digital Fund represents a structured approach to digital asset exposure, featuring a unique Bitcoin-denominated share class that automatically reinvests gains directly into BTC. This partnership aims to bridge the gap between traditional finance and cryptocurrency markets through rigorous institutional frameworks.
about Further & 3iQ Launch $100M Crypto Hedge Fund for Institutions3iQ
0 in Finance and 0 in Crypto last weekCanada’s SOL & XRP ETFs Lead with $450M AUM Surge
Canada’s newest altcoin ETFs have achieved remarkable growth, with 3iQ’s Solana-focused SOLQ reaching C$300 million AUM and XRP-focused XRPQ hitting C$150 million, making them the largest in their categories among Canadian peers. The funds attracted significant institutional backing, including investments from SkyBridge Capital and ARK Invest, which used SOLQ as its first US-listed vehicle for Solana exposure. Both products feature temporary fee waivers and benefit from Canada’s first-mover advantage in regulated crypto ETFs beyond Bitcoin and Ethereum, while US investors await similar products pending regulatory approval in 2025.
about Canada's SOL & XRP ETFs Lead with $450M AUM SurgeXRP Futures Hit $235M as Institutional Demand Surges
CME’s XRP futures market hit a new milestone with $235M in notional trading volume on July 11, bringing total volume since launch to $1.6B. The surge reflects rising institutional demand for regulated crypto exposure, with 45% of activity coming from outside North America. In parallel, the SEC greenlit the ProShares Ultra XRP ETF (UXRP), the first U.S.-listed leveraged XRP product, set to debut on NYSE Arca. Canada’s 3iQ XRP ETF also crossed $50M in assets, underscoring global traction for regulated XRP products. Ripple’s pursuit of a U.S. banking license and MiCA registration in the EU further highlights efforts to establish compliant infrastructure for XRP.
about XRP Futures Hit $235M as Institutional Demand SurgesSEC Approves Grayscale’s Multi-Crypto Spot ETF
The U.S. SEC has greenlit Grayscale Investments’ conversion of its Digital Large Cap Fund (GDLC) into a spot ETF, offering exposure to Bitcoin, Ethereum, Solana, XRP, and Cardano. Analysts view this as a potential precursor to altcoin-specific ETFs, with Bloomberg experts predicting a 95% chance of approvals for LTC, SOL, and XRP ETFs this year. The GDLC ETF will join Grayscale’s existing lineup, including its Bitcoin Trust ETF (GBTC), and aims to address premium/discount issues seen in its closed-end structure. Trading is expected to begin soon, pending final operational readiness with NYSE Arca.
about SEC Approves Grayscale's Multi-Crypto Spot ETF3iQ Launches XRP ETF on TSX Amid Surging Network Activity
3iQ has launched the XRPQ ETF on the TSX, providing investors with a six-month fee waiver and long-term XRP exposure through cold storage custody. The fund is backed by Ripple and targets both Canadian and qualified global investors. This follows Purpose Investments’ recent XRP ETF debut. Concurrently, XRP Ledger activity has spiked, with active addresses soaring to 295,000—a record high in 2025—and wallets holding over 1 million XRP reaching 2,700. The surge is attributed to stablecoin adoption and developments in Ripple’s SEC case, where the firm seeks to resolve a $125 million penalty efficiently while complying with securities laws.
about 3iQ Launches XRP ETF on TSX Amid Surging Network Activity3iQ Launches XRP ETF on TSX with Zero Fees
3iQ, a Canadian asset manager, has introduced the 3iQ XRP ETF (XRPQ) on the Toronto Stock Exchange (TSX), offering investors direct access to XRP, the fourth-largest cryptocurrency by market cap. Ripple, the blockchain company behind XRP, is an early investor in the fund. The ETF features a six-month 0% management fee and invests exclusively in long-term XRP positions sourced from reputable exchanges and OTC platforms, with all holdings stored in cold storage. To celebrate the launch, 3iQ will ring the TSX’s closing bell.
about 3iQ Launches XRP ETF on TSX with Zero FeesCanada Approves Spot XRP ETFs as US SEC Delays Decision
Canada has approved two spot XRP ETFs, one by 3iQ (XRPQ) and another by Purpose Investments (XRPP), both trading on the Toronto Stock Exchange. 3iQ’s XRPQ debuts with a 0% management fee for six months and focuses on long-term XRP holdings secured in cold storage. Purpose Investments’ XRPP aims to provide a streamlined, advisory-ready solution for investors. Both firms emphasize transparency, low costs, and regulatory compliance. In contrast, the US SEC has postponed decisions on similar filings, including Franklin Templeton’s XRP ETF application, though it has invited public comments on CBOE’s proposal. This development underscores Canada’s progressive stance on crypto ETFs compared to the US.
about Canada Approves Spot XRP ETFs as US SEC Delays DecisionCrypto Market Weekly: Bitcoin’s Halving Impact & Stablecoin Surge
Bitcoin’s 2024 halving cycle has underperformed historically, with price growth lagging behind previous cycles amid macroeconomic uncertainty. Despite this, regulatory clarity in the U.S. may boost investor confidence. Bitcoin’s volatility has significantly decreased, reflecting its maturation. Miner dynamics show a disconnect between hash rate growth and profitability, with transaction fees failing to compensate for reduced block rewards. Meanwhile, MiCA-compliant stablecoins like USDC and EUR-backed alternatives have surged in volume, though retail adoption faces hurdles. ETH staking indices could emerge as a key trend in 2025, with SOL-based ETFs already gaining traction in Canada.
about Crypto Market Weekly: Bitcoin's Halving Impact & Stablecoin SurgeARK Invest Adds Staked Solana ETFs, Boosting SOL Outlook
ARK Invest, led by Cathie Wood, has added exposure to staked Solana (SOL) through two of its thematic ETFs—ARKW and ARKF—marking the first U.S.-listed ETFs to include SOL. This follows Canada’s recent approval of staking-based Solana ETFs, highlighting increasing institutional interest. Analysts predict SOL could reach $500 by 2025, driven by DeFi growth and ETF inflows. Solana’s TVL stands at $7.05 billion, trailing Ethereum but gaining ground in DEX and NFT markets. With regulatory progress and ARK’s backing, SOL’s next major rally may be imminent, though it currently trades at $138.31, down 1.85% daily but up 6.95% weekly.
about ARK Invest Adds Staked Solana ETFs, Boosting SOL OutlookSolana Hits April High Amid Canada ETF Launches & Upgrades
Solana (SOL) reached a monthly high of nearly $136, driven by the introduction of spot Solana ETFs in Canada, which include staking functionality to provide investor yields. The price surge also followed Coinbase’s infrastructure upgrades, enhancing transaction speed and reliability for Solana. While U.S. spot Solana ETFs remain pending approval, firms like VanEck and 21Shares have filed applications, signaling growing institutional interest. SOL’s 23% weekly gain highlights its strong performance amid broader crypto market movements.
about Solana Hits April High Amid Canada ETF Launches & UpgradesSolana ETFs Launch in Canada as SOL Price Surges
Solana (SOL) is making headlines with multiple bullish developments. Canada’s Ontario Securities Commission (OSC) approved the first Solana ETFs, set to launch on April 16, with issuers like Purpose Investments and 3iQ. Meanwhile, OpenSea 2.0 has introduced Solana NFT trading in beta, marking a major multi-chain milestone. SOL’s price has rebounded 35% from recent lows, now trading around $131, with analysts predicting further upside. Additionally, Solana’s DeFi ecosystem is thriving, with TVL surging past $7 billion, reflecting increased user activity and trust. Major firms like VanEck and Grayscale are also seeking U.S. approval for SOL ETFs, with market odds favoring approval by 2025.
about Solana ETFs Launch in Canada as SOL Price SurgesCanada Approves First Spot Solana ETFs with Staking
Canada is pioneering the launch of spot Solana ETFs with staking features, approved by the Ontario Securities Commission (OSC). Four asset managers—Purpose, Evolve, CI, and 3iQ—will list these ETFs on the Toronto Stock Exchange, marking a milestone in crypto investment products. The ETFs will hold Solana in physical form and engage in staking to potentially offer higher yields than Ether staking. This development follows the U.S. SEC’s approval of spot Bitcoin ETFs earlier in 2024 and signals a broader trend of institutional crypto adoption. However, U.S. regulators remain cautious about staking in ETFs, as seen in the delayed decision on Grayscale’s Ethereum ETF proposal. Meanwhile, other markets like Hong Kong and Australia are also advancing regulated crypto ETFs.
about Canada Approves First Spot Solana ETFs with Staking