The first XRP investment fund, operated by hashkey debuts in Asia

By Hannah Pérez

Ripple sponsors the launch of the hashkey fund with exposure to XRP, the first of its kind in Asia. Meanwhile, the US market waits for an ETF in cash of XRP.

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• Hashkey is launching the first investment fund that tracks XRP in Asia.
• The vehicle is launched with the sponsorship of Ripple, which injects seed capital for the bottom.
• Meanwhile, in the US, investors still wait for an XRP ETF in cash.

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The company Hashkey capital has revealed the debut of Hashkey XRP Tracker Funda new product that the asset administrator has described the first Investment Fund in Asia designed to trace the price of Token XRP.

“The Fund is the first investment fund in Asia designed to track the performance of XRP”Said the company based in Hong Kong in a press release on Friday announcing the launch.

The vehicle is designed to expand the institutional access of investors to XRP, the fourth largest cryptocurrency for market capitalization, closely linked to Ripple.

Hashkey XRP Tracker Fund It will be available for professional investors who wish to expose XRP without directly handling the asset. It will offer the ability to buy through cash and subscriptions in kind, and offers monthly liquidity.

“XRP stands out as one of the most innovative cryptocurrencies in the current market, attracting global companies that use it to make transactions, tokenize and store value“, Said Vivien Wong, a partner of Hashkey capital.

With the first XRP tracker fund available in the region, we simplify access to XRP, attending the demand for investment opportunities in the best digital assets.

Ripple sponsors the first XRP fund in Asia

The launch is being produced with the support of Ripplewhich will be one of the first sponsors in the background. In particular, the service provider Blockchain will sow the initial investment as an anchor investor of the fund, in what Hashkey capital ensures it will be the first of many collaborations planned between the administrator and Ripple.

Wong said the company will continue to associate with Ripple In additional financial products, and that a possibility includes token a money chain in the block chain XRP Ledger.

“Ripple offers us the opportunity to collaborate in more products and investment solutions in cross -border payment solutions, decentralized finance (defi) and adoption of business blockchain“, Said the partner.

Hashkeythat operates a Exchange of cryptocurrency recorded in Hong Kong, offers a set of digital asset products, including an actively administered fund and two funds quoted in the stock market (ETF) in cash Bitcoin and Ethereum They quote on the Hong Kong bag. He Hashkey XRP Tracker It is your third tracking fund.

UU. Wait for an ETF XRP

Meanwhile, in the United States, the market is anxious for the arrival of the first XRP ETF in cash. At least seven administrators are competing to launch an ETF that offers direct exposure to XRP, with the hopes that a more friendly stock and values ​​commission (SEC) with the Trump administration will give its approval this year.

The bank Standard Chartered wait That an ETF XRP is approved in the third quarter, which could unlock up to USD $ 8 billion in tickets the first year. The SEC faces a verdict deadline for the proposal of Grayscale May 22.

XRP, with a market capitalization of USD $ 120 billion, negotiated with slight losses in the middle of the news, at a price of USD $ 2.07, just over 1% lower in the last 24 hours, according to Coinmarketcap.

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Hannah Estefanía Pérez / Diariobitcoin

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