Big news for crypto investors! Hong Kong’s leading digital asset firm, HashKey Capital, just launched Asia’s very first XRP Tracker Fund.
This fund lets institutional investors tap into XRP’s price movements without the headaches of buying, storing, or trading the crypto themselves. Think of it as a simplified gateway for big players to bet on XRP’s value.
The fund works like this: Investors use cash to join, and the fund mirrors XRP’s price. Monthly withdrawals are allowed, making it flexible for participants.
This isn’t HashKey’s first rodeo—they’ve already rolled out similar funds for Bitcoin and Ethereum. Now, they’re eyeing an even bigger goal: converting this XRP fund into an ETF (exchange-traded fund) within two years.
Ripple Steps In as Key Partner
Here’s the kicker: Ripple, the company behind XRP, isn’t just watching from the sidelines. They’re putting money into the fund as an “anchor investor,” meaning they’re committing serious cash to kick things off.
This partnership isn’t new—Ripple and HashKey have teamed up before on projects like tokenization and compliance tools. Now, they’re doubling down to explore fresh opportunities in decentralized finance (DeFi) and new investment products.
Why does this matter? Ripple’s involvement adds credibility and could attract more investors. Plus, with Ripple recently expanding its services (like its deal with Hidden Road, a crypto brokerage), the timing hints at bigger plans for XRP’s role in global finance.
Why XRP? The Push for an ETF Heats Up
So why XRP? HashKey says the crypto’s speed and low-cost transactions make it a standout.
Banks and businesses already use XRP for cross-border payments, and rumors of a SWIFT partnership (the global banking network) keep buzzing. If that happens, XRP’s price could surge.
But the real story is the race for an XRP ETF. While Bitcoin and Ethereum ETFs are already approved in the U.S., XRP is playing catch-up.
Analysts predict up to nine XRP spot ETFs could get the greenlight from regulators soon. One XRP leveraged ETF even outperformed Solana’s recent rally, showing investors are hungry for options.
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