#HashKey Capital has announced the HashKey $XRP Tracker Fund, the first investment fund to track XRP in the Asian region.
Hong Kong-based digital asset management company HashKey Capital has created a new opportunity for professionals who want to invest in this cryptocurrency without directly owning XRP. Today, this fund offers the opportunity to participate in cash or asset exchange, while its trading can be carried out monthly. #Ripple became the main investor of the fund by making the first investment.
Vivien Wong, one of the HashKey Capital fund managers, stated that XRP is one of the most advanced cryptocurrencies on the market, and that they simplify digital asset investment in institutional information. In addition, Wong announced that HashKey Capital will carry its trusted relationship with financial institutions, administrators and regulators to Ripple, and that they will work on broader investment solutions with Ripple.
Following US President Donald Trump's second inauguration, the expectation for XRP-based exchange-traded funds (ETFs) has reached its peak. In a statement made by Standard Chartered, it was stated that XRP ETFs are expected to be approved by the US in the third part of this year and that this could provide an inflow of $8 billion to the XRP market in 12 months.
While it is known that at least seven companies, including Grayscale, are operating XRP ETF transactions, the US Securities and Exchange Commission (SEC) must respond to Grayscale's application by May 22.
