Ripple Backs New XRP Tracker Fund from HashKey Capital

Ripple is strengthening its presence in the Asian financial market: Together with renowned asset manager HashKey Capital, the company is launching the HashKey XRP Tracker Fund. According to a press release, Ripple is acting as anchor investor and making the first capital commitment to the fund. The target audience is professional investors who want to participate in the price performance of XRP – without having to hold the cryptocurrency themselves.

The new fund offers monthly subscription and redemption options and can be purchased with both cash and in-kind transfers. With assets already managed across several digital investment products, including Bosera HashKey’s Hong Kong-based Bitcoin and Ethereum exchange-traded ETFs, the XRP Tracker Fund now joins HashKey’s portfolio as the third tracker fund.

Ripple and HashKey Launch XRP Tracker Fund to Boost Institutional Access in Asia

Vivien Wong, partner at HashKey Capital, explains: “XRP is one of the most innovative cryptocurrencies on the market. With the new Tracker Fund, we are making it easier for professional investors in Asia to access this digital asset.” Wong also emphasizes the strategic importance of the partnership with Ripple: The company intends to leverage its own network in the region to further connect Ripple with institutional investors, regulators, and financial players in Asia.

Ripple also sees the collaboration with HashKey Capital as a crucial step. Fiona Murray, Managing Director APAC at Ripple, said: “The XRP Tracker Fund provides regulated access to XRP in the Asia-Pacific region – exactly what institutional investors are currently seeking.”

With a market capitalization of approximately $121 billion, XRP is currently the third-largest cryptocurrency in the world, according to The Block. Since US President Donald Trump took office in January 2025, there have been increasing signs of imminent approval of an XRP spot ETF by the US Securities and Exchange Commission (SEC). Standard Chartered expects approval in the third quarter—with up to $8 billion in capital inflows in the first year.

Grayscale and at least six other providers have already filed applications for an XRP Spot ETF. The SEC is expected to issue its first decision on Grayscale’s proposal by May 22 at the latest. The new HashKey XRP Tracker Fund could thus mark the beginning of broader institutional adoption of XRP – and make Asia the pioneering region.

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