{"id":127461,"date":"2025-04-18T10:16:16","date_gmt":"2025-04-18T10:16:16","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=127461"},"modified":"2025-04-18T10:16:16","modified_gmt":"2025-04-18T10:16:16","slug":"hashkey-takes-aim-at-xrp-etf-in-asia-with-new-fund-backed-by-ripple","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=127461","title":{"rendered":"Hashkey takes aim at XRP ETF in Asia with new fund backed by Ripple"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsHong Kong-based crypto investment firm HashKey Capital announced the launch of an XRP fund, with plans to convert it into an exchange-traded fund (ETF) in the future.<br \/>\nAccording to an April 18 announcement, the fund, officially titled the HashKey XRP Tracker Fund, is reportedly \u201cthe first investment fund in Asia designed to track the performance of XRP.\u201d<br \/>\nXRP developer Ripple will serve as the fund\u2019s anchor investor. In a separate X post, HashKey Capital said the fund aims to bring \u201cmore institutional capital into regulated XRP products and the broader digital asset ecosystem.\u201d<br \/>\nClose collaboration with Ripple<br \/>\nIn another X post, HashKey Capital said the fund marks the beginning of a closer collaboration with Ripple. The two firms \u201care exploring new investment products, cross-border DeFi solutions, and tokenization \u2014including the possibility of launching a money market fund (MMF) on the XRP ledger.\u201d<br \/>\nRelated: Ripple vs. XRP vs. XRP Ledger: What\u2019s the difference?<br \/>\nIn the announcement, HashKey Capital partner Vivien Wong said the firm will share its connections with financial institutions, regulators and investors in Asia with Ripple, adding:<br \/>\n\u201cRipple offers us the opportunity to collaborate on more investment products and solutions across cross-border payment solutions, decentralized finance (DeFi), and enterprise blockchain adoption.\u201d<br \/>\nA Hong Kong XRP ETF in the works?<br \/>\nThe XRP (XRP) Tracker Fund is HashKey Capital\u2019s third tracker fund and follows the firm\u2019s Bitcoin (BTC) and Ether (ETH) ETF products. The company noted that this product may also become an ETF in the future.<br \/>\nSource: HashKey CapitalRelated: XRP: Why it\u2019s outperforming altcoins \u2014 and what comes next<br \/>\nA boon for XRP\u2019s institutional adoption in Asia<br \/>\nHank Huang, CEO of Kronos Research, a crypto investment firm based in Asia, told Cointelegraph that \u201cthe launch of the XRP Tracker Fund by HashKey Capital marks a pivotal moment for institutional adoption\u201d in the region. He said regulated and transparent products like Hashkey\u2019s fund are what institutional investors need to enter the market.<br \/>\n\u201cXRP\u2019s proven use case in cross-border payments, combined with HashKey\u2019s robust infrastructure, sets the stage for meaningful capital inflows and wider acceptance of crypto assets in global finance,\u201c Huang said.<br \/>\nMagazine: XRP win leaves Ripple and industry with no crypto legal precedent set<a href=\"https:\/\/cointelegraph.com\/news\/hashkey-takes-aim-at-xrp-etf-in-asia-with-new-fund?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsHong Kong-based crypto investment firm HashKey Capital announced the launch of an XRP fund, with plans to convert it into an exchange-traded fund (ETF) in the future. According&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/127461"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=127461"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/127461\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=127461"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=127461"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=127461"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}