Payments firm Ripple has partnered with HashKey Capital to launch Asia’s first XRP tracker fund. The new fund will monitor the value of XRP cryptocurrency, as per statements from each companies.
Ripple Steps In As Anchor Investor
Crypto group determine Crypto Eri first highlighted the partnership, noting that the San Francisco funds agency will put money into the brand new HashKey XRP Tracker Fund.
The fund is a significant step in direction of extending institutional entry to XRP in Asian markets. As HashKey experiences, that is the primary of probably a number of such funding merchandise within the area following the value efficiency of XRP.
Big XRP News in Japan 🇯🇵. @Ripple to make preliminary funding in Asia’s first #XRP funding product.
Professional traders get publicity to XRP with out immediately holding the asset. Investors should purchase the fund with money or in-kind, and the fund is structured to accommodate… pic.twitter.com/Phs3UrVrAQ
— 🌸Crypto Eri ~ Carpe Diem (@sentosumosaba) April 18, 2025
Image: Kraken Blog
How The Fund Works For Investors
Investors of the fund might have versatile involvement choices. The traders might give their contributions by way of typical fiat monies or pay in variety. The construction of the fund grants the subscribers liberty to buy or redeem shares monthly.
HashKey’s Liquid Fund accomplice Vivien Wong recognized XRP’s rising relevance within the crypto area. She indicated that XRP has world corporations that put it to use for various issues, together with tokenization of belongings and as a retailer of worth.
Ripple Sees Growing Demand In Asia-Pacific
Fiona Murray, the Managing Director of Ripple for Asia-Pacific, underlined the heightened demand for digital asset merchandise inside regulated frameworks for skilled traders throughout the area.
The companies aren’t solely specializing in the tracker fund. According to experiences, they intend to hunt different alternatives as properly, akin to introducing a cash market fund on the XRP Ledger (XRPL).
Broader Context Of XRP Investment Growth
HashKey Capital has turn out to be a number one participant within the cryptocurrency business. The agency already supplies funding merchandise linked to Bitcoin and Ethereum, with each the Bosera HashKey Bitcoin Spot ETF and the Bosera HashKey Ethereum Spot ETF listed on the Hong Kong Stock Exchange.
The new XRP tracker fund is HashKey’s third cryptocurrency-tracking funding product. The firm says it is going to convert the XRP product into an exchange-traded fund inside two years, topic to required regulatory approvals.
This follows elevated institutional demand for XRP. In the US, over 11 establishments have submitted functions to the US Securities and Exchange Commission to checklist spot-based XRP ETFs.
Featured picture from Medium, chart from TradingView
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