HashKey Capital announced the launch of the HashKey Tracker Fund, which is the first investment fund tracking XRP in the Asian region.
The Hong Kong-based digital asset management firm 'HashKey Capital' has provided a new opportunity for investors wishing to invest in this cryptocurrency without needing to own XRP directly. This fund allows participation in trading cash or assets today, with the ability to trade monthly. The main investor in the fund became so after completing its first investment.
Vivian Wong, one of the fund managers at HashKey Capital, stated that Ripple (XRP) is one of the most advanced cryptocurrencies in the market, and it simplifies investment in digital assets for institutions. Wong also announced that HashKey Capital will transfer its trusted relationships with financial institutions, regulatory bodies, and regulators to Ripple, and will work with Ripple to develop broader investment solutions.
After the inauguration of U.S. President Donald Trump for the second time, the interest in Exchange Traded Funds (ETFs) based on Ripple (XRP) peaked. In a statement from Standard Chartered, it was reported that XRP ETFs are expected to receive approval in the United States in the third quarter of this year, which could provide $8 billion in cash flow to the Ripple market over the next 12 months.
While it is known that at least seven companies, including Grayscale, manage XRP ETF transactions, the U.S. Securities and Exchange Commission (SEC) must respond to Grayscale's request by May 22.
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