HashKey Capital has announced the launch of Asia's first XRP tracker fund, indicating a growing interest in cryptocurrencies among institutional investors.
Introduction of the XRP Tracker Fund
HashKey Capital announced the launch of Asia's first XRP tracker fund with initial capital from Ripple. This move highlights an increase in institutional interest in XRP and is part of HashKey's expansion of its cryptocurrency investment portfolio.
The Potential of XRP in the Financial Market
The tracker fund will be available to professional investors and is aimed at institutions interested in regulated access to XRP. In terms of liquidity, tracker funds do not allow real-time trading, unlike exchange-traded funds. Investors will be able to transact at fixed prices once a day.
Impact on Institutional Investments
HashKey believes that this tracker fund could be transformed into an ETF within one to two years if the necessary regulations in Hong Kong are approved. This could lead to increased trust among professional investors in altcoin-based funds.
The launch of the XRP tracker fund backed by Ripple marks a significant step toward institutional adoption of cryptocurrencies in Asia, opening opportunities for future XRP-linked financial products.
