HashKey Debuts First XRP Fund in Asia with Early Support from Ripple

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HashKey Debuts First XRP Fund in Asia with Early Support from Ripple

• Hashkeys XRP Tracker Fund sets a new milestone in digital asset investment, offering professional investors indirect exposure to XRP.
• Before XRP Tracker Fund, Hashkey Capital has so far introduced Bitcoin ETF and Ethereum ETF.

Hashkey Capital, a digital asset and blockchain leader, announced the introduction of the Hashkey XRP Tracker Fund on April 18. This tracker fund is said to be the first ever investment fund in Asia to track the performance of XRP.

The blockchain leader publicized the information through its recent X post and noted that this significant step marks a major step in expanding institutional access to XRP. The Hashkey XRP Tracker Fund can now be accessed by professional investors who want to explore XRP without direct exposure.

The investors will also get the permit to purchase via cash or in-kind subscription and subscribe or redeem shares on a monthly basis.

The announcement also mentions that Ripple will back this step by being an early investor. Ripple will also help in providing the opportunity to partner with more investment products and solutions over cross-border payment solutions, DeFi, and enterprise blockchain adoption.

Haskey Highlights XRP Utility as ETF Hopes Grow

Hashkey Capital underscored the main use case of XRP in promoting swifter and cheaper cross-border payments, aligning with its own authority to link traditional finance as well as Web3.

Before XRP Tracker Fund, the company has so far introduced Bitcoin ETF and Ethereum ETF, collaborating with Bosera, an independent asset management institution.

After the change in the leadership in the United States, and Donald Trump taking over the position of President, investors have been expecting spot XRP exchange-traded funds. In the current scenario, around seven companies are struggling to introduce a spot XRP ETF.

Standard Chartered anticipates an approval of the XRP ETF in Q3, which could release around $8 billion in inflows in the first year.

Hashkeys XRP Tracker Fund sets a new milestone in digital asset investment, offering professional investors indirect exposure to XRP and signaling growing momentum toward mainstream adoption and ETF approvals.