Crypto Fund Manager HashKey Capital announced Friday the launch of HashKey XRP tracker fund, Asia’s first investment fund designed to track the performance of XRP on Friday.
HashKey XRP Tracker Fund is provided to professional investors who want to expose XRP to XRP without direct ownership. It provides investors with the ability to buy through cash or in -kind subscriptions and can subscribe or repay the monthly stocks every month.
According to the exclusively shared release with the block, this is the first of many collaboration between HashKey Capital and Ripple. Ripple will seed the initial investor as an anchor investor.
Vivien Wong, a partner of HashKey Capital, “XRP is one of the most innovative cryptocurrencies in the market today, and uses them to attract global companies that attract trading, tokenization and shops.” It meets the demand for investment opportunities for the best digital assets. “
HashKey Capital manages the digital asset product line, including active managed funds and Bosera Hashkey Bitcoin and Ether Spot ETF listed on the Hong Kong Stock Exchange. HashKey XRP tracking is the third tracker fund.
“We will expand the connection between Hae Sik Capital’s financial institutions, regulators and investors in Asia and ripples,” WONG said. At the same time, Ripple provides us the opportunity to cooperate with more investment products and solutions across border payment solutions, decentralized finance (Defi) and corporate blockchain adoption. “
Fiona Murray, managing director of Ripple, said, “Institutional investors are eager to approach regulated products around the world, which will be provided by XRP tracker funds in the Asia -Pacific region. With powerful password tractions here, their reputation is essential to strengthen Asia’s leadership in encryption and blockchain technology. “
According to the Block’s XRP price page, XRP is the world’s third largest cryptocurrency with a market cap, which is about $ 120 billion.
Since US President Donald Trump began his second term in January, market participants expect XRP exchange trading funds to be on -site. Standard char
At least seven companies are competing to start SPOT XRP ETF. The US Securities and Exchange Commission must respond to Grayscale’s SPOT XRP ETF by May 22.
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