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XRP ETF News: HashKey Launches Asia’s First XRP Fund with Ripple

Published by
Mustafa Mulla

XRP is off to a strong start this April. First, there was renewed hope that Ripple’s long legal battle with the U.S. SEC might soon come to an end. Then came the launch of a 2x leveraged XRP ETF by Teucrium. And now, even bigger news—Hong Kong-based HashKey Capital has launched Asia’s first-ever XRP Tracker Fund.

This shows growing interest in making XRP more available to professional and institutional investors.

More good news ahead? Read on!

HashKey Capital Launches XRP Tracker Fund

HashKey Capital, a major crypto investment firm based in Hong Kong, has introduced a new way for professional investors to put money into XRP more easily.

The XRP Tracker Fund follows the price of XRP, so investors can benefit from XRP’s performance without having to buy or store the cryptocurrency themselves. It removes the technical barriers of managing crypto, which can be a challenge for some investors.

XRP: The Perfect Choice?!

Vivien Wong of HashKey explained why XRP stands out. She said XRP is one of the most useful digital assets available because it allows for fast and low-cost money transfers across borders. Unlike older systems like SWIFT, which can take days, XRP can move funds in seconds with much lower fees.

XRP is already being used by banks and companies around the world. On top of that, the XRP Ledger supports the tokenization of real-world assets—a growing trend in the digital economy.

A First for Asia

HashKey already runs similar tracker funds for Bitcoin and Ethereum, but this is their first XRP-focused fund in Asia. If the fund performs well and receives the needed regulatory approvals, it could grow into a full XRP ETF within the next year or two. That would make XRP even more accessible to large investors.

Ripple and HashKey Join Hands

Ripple is also teaming up with HashKey to explore more ways to use XRP in the future. They’re discussing ideas like launching a money market fund on the XRP Ledger and creating new financial products for global use.

This partnership could be a major step toward bringing more institutional money into the XRP ecosystem and expanding the role of digital assets in global finance.

FAQs

When will the XRP ETF be approved?

There’s no set date for XRP ETF approval. HashKey hopes for regulatory approval in the next year or two, after its XRP Tracker Fund.

What is an XRP ETF?

An XRP ETF is a fund that tracks XRP’s price, allowing investors to gain exposure to XRP without owning or managing the cryptocurrency themselves.

Mustafa Mulla

Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.

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