HashKey Capital, the investment arm of HashKey Group, has taken another bold step in Asia’s crypto investment space. The company recently introduced the region’s first tracker fund focused on the XRP token. Ripple, the company behind XRP , supports the fund with the first investment round. This new fund is designed for professional investors and is expected to help XRP attract the attention of large institutions. HashKey’s Strategic Move Toward Institutional Growth HashKey Capital, which also launched tracker funds for Bitcoin (BTC) and Ethereum (ETH), has added XRP to its portfolio. The company chose XRP because many businesses and institutions worldwide already use it for cross-border payments. In a statement, HashKey said XRP is leading the way in modern payment systems. The digital currency offers a faster and cheaper option than traditional services like SWIFT. By launching this fund, HashKey is showing confidence in XRP’s future. This is especially true as more banks and payment providers seek better alternatives to old systems. What Makes a Tracker Fund Different From ETF A tracker fund is different from an exchange-traded fund (ETF). While ETFs are traded on stock markets throughout the day, tracker funds work differently. Investors can only buy or sell shares once a day, so tracker funds are usually less liquid than ETFs. However, they are still useful tools for professional investors who want exposure to crypto without directly buying tokens. HashKey believes that, if regulators approve, this XRP tracker fund could eventually become a full ETF. Depending on market conditions and legal changes, that could happen within a year or two. That development could open the door to even more institutional investment. Hong Kong’s Role in Crypto Investment This announcement is part of a larger effort by HashKey to build investment products in Hong Kong. Earlier this year, the company and Bosera received approval to launch the world’s first tokenized money-market ETFs in the city. In April 2024, Hong Kong’s financial regulators approved spot Bitcoin and Ethereum ETFs, making it one of the first regions in Asia to allow such products. HashKey has predicted that Hong Kong’s crypto ETF market could grow to one-fifth the size of the U.S. market. Hong Kong has pledged to remain open to digital assets . The region is positioning itself as a leader in regulated crypto finance, offering investors more secure ways to enter the market. The post HashKey Launches Asia’s First XRP Tracker Fund, Backed by Ripple appeared first on TheCoinrise.com .
