HashKey Capital Launches the HashKey XRP Tracker Fund, Ripple Invests

HashKey Capital has launched the HashKey XRP Tracker Fund, the first fund in Asia focused exclusively on tracking the performance of XRP.

HashKey Capital has launched the HashKey XRP Tracker Fund, the first fund in Asia focused exclusively on tracking the performance of XRP.

The fund is now open to professional investors. Ripple is backing the initiative as an early investor.

The new tracker fund aligns with HashKey Capital’s goal of connecting conventional finance with digital asset markets. It offers investors a unique way to gain exposure to XRP within a familiar fund structure.

Investors can subscribe to the fund using either cash or in-kind contributions, and they can redeem or subscribe to shares on a monthly basis. For optimal performance measurement, CF Benchmarks—recognized for its role in global ETF markets—will provide the fund’s benchmark.

“XRP stands out as one of the most innovative cryptocurrencies in today’s market, attracting global enterprises who use it to transact, tokenize, and store value. With the first XRP Tracker Fund available in the region, we simplify access to XRP, catering to the demand for investment opportunities in the very best digital assets,” said Vivien Wong, Partner at HashKey Capital.

Recently, there has been a surge in institutional interest in XRP. Standard Chartered recently predicted that XRP could outpace Ethereum by 2028.

“We think that XRP is uniquely positioned at the heart of one of the fastest-growing uses for digital assets: facilitation of cross-border and cross-currency payments. In this way, XRPL is similar to the main use case for stablecoins such as Tether. This stablecoin use has grown 50% annually over the past two years, and we expect transactions in stablecoins to increase tenfold over the next four years. We think this bodes well for XRPL’s throughput growth, given the similar use cases for stablecoins and XRPL,” Geoff Kendrick, Standard Chartered’s Head of Digital Assets Research, told BeInCrypto.

Interest in XRP ETFs is also heating up. Earlier this month, Teucrium Investment Advisors received approval from the New York Stock Exchange Arca for the Teucrium 2x Long Daily XRP ETF (XXRP). This will be the first leveraged XRP ETF to be listed in the United States.

Attention is now turning to spot XRP ETFs. Both Grayscale and 21Shares are awaiting decisions from the SEC on their respective XRP-based products.

The SEC has up to 240 days to review the Grayscale XRP Trust and the 21Shares Core XRP Trust, with the final deadlines set for October 18 and 19, 2025.