From Cointelegraph
April 18, 2025 05:31 AM:

Hong Kong-based HashKey Capital launches XRP fund, plans to convert it into an ETF in the future. Ripple serves as anchor investor, aiming to bring institutional capital into regulated XRP products and digital asset ecosystem. Collaboration with Ripple includes exploring new investment products and solutions like cross-border DeFi and tokenization.

HashKey Capital’s XRP Tracker Fund is the firm’s third tracker fund, following Bitcoin and Ether ETF products. The fund may also become an ETF in the future, expanding investment options. This move signals a closer collaboration with Ripple and potential for more innovative products in the future.

Cronos Research CEO Hank Huang views the launch of the XRP Tracker Fund as a pivotal moment for institutional adoption in Asia. Regulated and transparent products like this fund provide the necessary infrastructure for institutional investors to enter the market. XRP’s use case in cross-border payments and HashKey’s infrastructure set the stage for wider acceptance of crypto assets in global finance.

Read more at Cointelegraph: Hashkey takes aim at XRP ETF in Asia with new fund backed by Ripple