Hashkey takes aim at XRP ETF in Asia with new fund backed by Ripple
HashKey Capital has launched Asia’s first XRP Tracker Fund with early investment from Ripple, aiming to convert it into an ETF.
Hong Kong-based crypto investment firm HashKey Capital has announced the launch of an XRP fund, with plans to convert it into an exchange-traded fund (ETF) in the future.
According to an April 18 announcement, the fund, officially titled the HashKey XRP Tracker Fund, is reportedly “the first investment fund in Asia designed to track the performance of XRP.”
Furthermore, XRP developer Ripple will serve as the fund’s anchor investor, seeding the initial investment. In a separate X post, HashKey Capital said the fund aims to bring “more institutional capital into regulated XRP products and the broader digital asset ecosystem.”
