Hong Kong-based HashKey Capital has launched the HashKey XRP Tracker Fund, marking the first investment fund in Asia designed to track XRP's performance. This fund is tailored for professional investors seeking XRP exposure without direct ownership.
Ripple is the anchor investor, seeding the initial investment. The fund allows investors to buy through cash or in-kind subscription and redeem shares monthly. As of today, April 18, 2025, XRP's market cap is around $120.20 billion and is trading at approximately $2.06.
Standard Chartered anticipates an XRP ETF approval in Q3 2025, potentially unlocking up to $8 billion in inflows within a year. The U.S. SEC must respond to Grayscale's spot XRP ETF filing by May 22.