Launches Groundbreaking XRP Investment Fund in Asia, Backed by Ripple Corporation
Welp, Here's the Scoop on Asia's First XRP Tracker Fund, Courtesy of HashKey Capital!
HashKey Capital's latest move to unveil the XRP Tracker Fund is shaking things up in the crypto world, making it easier for professional investors to jump on the XRP bandwagon without the hassle of direct ownership. Backed by Ripple, a key player in the XRP Ledger, this fund simplifies investing in XRP, a digital asset renowned for swift, affordable international transactions.
Partner Vivien Wong, of HashKey Capital, enthusiastically mentioned, "XRP stands head and shoulders above other cryptos on the market, attracting big-name enterprises that use it for transactions, tokenization, and value storage." The XRP Tracker Fund provides direct access to this contemporary asset.
Key features of the fund include monthly subscriptions and redemptions, with options for cash or in-kind investments. It's benchmarked against CF Benchmark, an industry heavyweight behind successful ETF products in the US and Asia-Pacific.
The fund fits nicely into HashKey's growing roster of offerings, including Bitcoin ETF (3008.HK) and Ethereum ETF (3009.HK), both launched with Bosera.
This partnership with Ripple marks the beginning of collaborative efforts between the two firms, with future investments in cross-border payments, DeFi, and enterprise blockchain on the horizon.
As more institutional investors show interest in XRP, this fund could open the doors to further investments in the digital asset.
More on this: XRP ETF Hopes Rise as Ripple SEC Case Pauses
The Inside Scoop on the XRP Tracker Fund
- Inception: HashKey Capital has birthed Asia's first XRP Tracker Fund, designed to mirror the performance of XRP, making it accessible for professional investors without the complications of direct ownership.
- Subscription and Redemption: Monthly subscription and redemption options for the fund's shares are available, with investors able to choose between cash and in-kind investments. Fund performance is benchmarked against CF Benchmark.
about that Partnership with Ripple
- Early Birds: Ripple, a leader in blockchain technology and XRP's parent company, is an early investor in HashKey Capital's XRP Tracker Fund. The partnership aims to combine HashKey's asset management expertise with Ripple's blockchain mastery.
- Future Visions: The partnership paves the way for further collaboration between HashKey Capital and Ripple, with ambitious plans for new investment products targeting cross-border payments, DeFi, and enterprise blockchain.
The Fund's Potential Impact on Institutional Investment
- Simplified Access: The fund streamlines institutional access to XRP, particularly in Asia, by stripping away technical obstacles for direct XRP ownership, potentially attracting more investors interested in cross-border payments and digital assets.
- Potential ETF Evolution: With regulatory approval, the XRP Tracker Fund could transform into an ETF within the next one to two years, broadening its reach and appeal to institutional investors.
- HashKey Capital's XRP Tracker Fund, the first of its kind in Asia, simplifies investing in XRP by offering professional investors an opportunity to mirror the performance of XRP without the complexities of direct ownership.
- Subscription and redemption options for the fund's shares are available monthly, with investors able to invest in cash or in-kind, and performance is benchmarked against CF Benchmark.
- Ripple, a key player in the XRP Ledger, is an early investor in HashKey Capital's XRP Tracker Fund, signifying a collaboration that aims to combine HashKey's asset management expertise with Ripple's blockchain mastery.
- This partnership points towards future investment products targeting cross-border payments, DeFi, and enterprise blockchain, demonstrating the ambition of both firms in the context of technology and traditional finance.
- as institutional investors show increased interest in XRP
- the XRP Tracker Fund could potentially open the doors for further investments in the digital asset, particularly in Asia, due to its simplified access.
- With regulatory approval, the XRP Tracker Fund could evolve into an ETF within the next one to two years, reaching a broader audience of institutional investors.
- This transformation could mark a significant shift in the cryptocurrency investment landscape, as more traditional finance businesses invest in blockchain technology, web3, Ethereum, bitcoin, and other promising ventures such as Ripple and XRP.
