Key Notes
- HashKey Capital launched Asia’s first XRP Tracker Fund.
- Ripple is the anchor investor for this mission.
- XRP Tracker Fund could flip into an ETF if some circumstances are met.
Ripple Labs Inc, one of many largest digital asset infrastructure companies, is providing the preliminary funding seed for Asia’s foremost XRP Tracker Fund. That is nice information for the embattled digital asset agency and XRP, the fourth-largest cryptocurrency based mostly on market cap.
As a part of its newest investments, Ripple is supporting crypto fund supervisor HashKey Capital within the introduction of the HashKey Tracker Fund, which the latter tagged as a “main step in increasing institutional entry to XRP”. Ripple is the anchor investor for this mission, with the intention of injecting an inflow of institutional capital into XRP
XRP
$2.06
24h volatility:
0.5%
Market cap:
$120.17 B
Vol. 24h:
$1.77 B
and the crypto market.
HashKey Capital is launching Asia’s first XRP Tracker Fund—with @Ripple as an early investor.
This marks a significant step in increasing institutional entry to XRP, the third-largest token by market cap. 🧵👇
— HashKey Capital (@HashKey_Capital) April 18, 2025
HashKey Capital Unveils Asia’s First XRP Tracker Fund
The aim of this fund is to extend the provision of XRP to extra institutional {and professional} traders. In keeping with HashKey Capital, traders on this Fund can observe the efficiency of the cryptocurrency whereas accessing “regulated, institutional-grade publicity” with out having to cope with instantly holding, proudly owning, or buying and selling XRP.
Previous to launching XRP Tracker Fund, the capital agency had rolled out different tracker funds for Bitcoin
BTC
$84 393
24h volatility:
0.2%
Market cap:
$1.68 T
Vol. 24h:
$14.75 B
and Ethereum
ETH
$1 582
24h volatility:
0.2%
Market cap:
$190.92 B
Vol. 24h:
$8.23 B
in Asia. It’s anticipated that the Tracker Fund could morph into an XRP ETF, sooner or later if it delivers sturdy efficiency available in the market and will get the required approval from regulatory authorities.
HashKey Capital’s Resolution to Companion with XRP
The crypto fund supervisor disclosed that it opted for XRP as a result of it believes that Ripple is bettering funds and transactions in contrast with what’s historically obtainable. On prime of that, monetary establishments presently use Ripple’s structure of their operations.
As a part of their collaboration, it’s anticipated that each events would analysis extra future use circumstances of XRP, particularly in creating progressive monetary merchandise.
Disclaimer: Coinspeaker is dedicated to offering unbiased and clear reporting. This text goals to ship correct and well timed data however shouldn’t be taken as monetary or funding recommendation. Since market circumstances can change quickly, we encourage you to confirm data by yourself and seek the advice of with knowledgeable earlier than making any selections based mostly on this content material.
