HashKey Capital is launching the region’s first XRP Tracker Fund, with direct backing from Ripple. The fund’s design targets professional investors who seek exposure to XRP without the technical complexities of direct cryptocurrency ownership.
Rather than managing wallets and private keys, the official announcement on April 18 states that investors can subscribe to or redeem shares in the fund every month, using either cash or in-kind contributions.
The fund’s benchmark is against CF Benchmarks, a respected name in digital asset indices, offering institutional-grade benchmarks.
Backing from Ripple and Institutional Interest
Ripple is demonstrating a strong vote of confidence in both HashKey Capital and the broader Asian market by providing the initial funding as the anchor investor.
The launch of the fund coincides with heightened institutional interest in XRP. This is as regulatory clarity improves and the prospect of spot XRP Exchange-Traded Funds (ETFs) gathers momentum globally. JP Morgan predicts a U.S.-approved XRP ETF could attract up to $8 billion in inflows within its first year. This is a testament to the growing appetite for regulated digital asset products.
The fund positions HashKey Capital at the forefront of this trend, following its successful Bitcoin and Ethereum ETFs on the Hong Kong Stock Exchange.
The collaboration also has future plans for initiatives. They will focus on cross-border payments, decentralized finance (DeFi), and the adoption of blockchain in enterprises.
Is an XRP ETF Next?
HashKey Capital’s launch of the XRP Tracker Fund sets the path toward a full-fledged XRP ETF, with a planned transition within two years. This goal aligns with current industry trends, where at least seven firms are currently vying to launch spot XRP ETFs, and the U.S. Securities and Exchange Commission may respond to key filings in the coming months.
By lowering barriers to entry and offering regulated, transparent exposure to XRP, the fund is set to attract a new wave of professional capital, potentially accelerating the adoption of blockchain-based finance across Asia and beyond.
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