Hashkey Capital has launched Asia's first XRP Tracker Fund focusing exclusively on XRP performance tracking.
This fund has been opened to professional investors. Ripple is supporting this initiative as an early investor.
Institutions Continue to Increase Interest in XRP Investment
According to Hashkey, XRP provides a faster and more cost-effective alternative compared to traditional cross-border payment systems. The new tracker fund aligns with Hashkey Capital's goal of connecting traditional finance and digital asset markets.
The fund allows investors to subscribe through cash or in-kind contributions. Investors can redeem or subscribe to shares monthly.
CF Benchmark, which plays a role in the global ETF market, provides the fund's benchmark.
"XRP stands out as one of the most innovative cryptocurrencies in today's market, attracting global companies to use it for trading, tokenization, and value storage. Through the first XRP tracker fund in this region, we simplify access to XRP and meet the demand of those seeking investment opportunities in the best digital assets." – Vivian Wong, Partner at Hashkey Capital
Recently, Ripple acquired Hidden Road, a prime brokerage platform, for $1.25 billion. This was one of the largest acquisitions in the cryptocurrency and blockchain space.
This morning, Hidden Road secured a broker-dealer license from FINRA.
HashKey Capital is launching Asia's first XRP Tracker Fund—with @Ripple as an early investor.
— HashKey Capital (@HashKey_Capital) April 18, 2025
This marks a major step in expanding institutional access to XRP, the third-largest token by market cap. 🧵👇
Meanwhile, XRP continues to attract attention among institutional investors. Standard Chartered recently predicted that XRP could outperform Ethereum by 2028, citing increasing demand for efficient cross-border payment solutions and growing global trade disruption.
"XRP is uniquely positioned at the center of facilitating cross-border and cross-currency payments, one of the fastest-growing use cases of digital assets. In this regard, XRPL is similar to the primary use cases of stablecoins like Tether. This stablecoin usage has grown 50% annually over the past two years, and we expect stablecoin trading to increase tenfold in the next four years. Considering the similar use cases of stablecoins and XRPL, we believe this will positively impact XRPL's throughput growth." – Jeff Kendrick, Head of Digital Assets Research at Standard Chartered
Interest in XRP ETFs is also increasing. Tukrium Investment Advisors recently received NYSE Arca approval for the Tukrium 2x Long Daily XRP ETF (XXRP), which is the first leveraged XRP ETF in the United States.
Attention is also focused on spot XRP ETFs. Both Grayscale and 21Shares are awaiting SEC decisions on their XRP-based products.
The SEC has up to 240 days to review the Grayscale XRP Trust and 21Shares Core XRP Trust, with final deadlines set for October 18 and 19, 2025.
While XRP's price dropped nearly 20% last month, institutional confidence remains high.
Ripple has confirmed progress in resolving its long-standing legal dispute with the SEC. A joint request to halt court proceedings was approved, giving both sides an additional 60 days to finalize the settlement.
