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Ripple 
$2 has become a key supporter of the first XRP-based investment fund aimed at institutional investors in Asia. Announced by HashKey Capital, the “HashKey XRP Tracker Fund” is designed to track the performance of XRP, offering an investment vehicle that allows professional investors to invest in XRP without directly purchasing the altcoin. Ripple’s role as the fund’s initial investor is a vital component of its regional growth strategy.
Intense Regional Interest in XRP-Based Investment Fund
The fund aims to meet corporate demand for regulated investment products, particularly in the Asia-Pacific region. Investors can participate in the fund with cash or in-kind contributions and will have the ability to buy and sell fund shares on a monthly basis. This product, announced by HashKey Capital as the “first XRP-focused fund,” greatly simplifies access to altcoin investments for professional investors in the region.
According to HashKey Capital Partner Vivien Wong, XRP is one of the leading cryptocurrencies preferred by corporations for value storage, tokenization, and international transfers. Wong noted that the new fund makes investing in XRP more accessible. Ripple announced that its involvement as the first investor in the fund is just the beginning, with new products in the pipeline.
Strategic Collaboration Between Ripple and HashKey
HashKey Capital has expanded its product range by adding the XRP fund to its existing cryptocurrency-based funds and Bitcoin 
$107,860 and Ethereum 
$2,600 spot ETFs listed on the Hong Kong Stock Exchange. The XRP Tracker Fund is the company’s third tracking fund, and its development with Ripple signals broader collaborations between the two companies.
Wong indicated plans to develop new investment products not only for the XRP fund but also in areas such as cross-border payments, decentralized finance (DeFi) solutions, and corporate blockchain applications. Ripple’s APAC General Manager Fiona Murray emphasized that HashKey’s strong reputation and investor relations will bolster the region’s leadership in cryptocurrency technologies.
This development not only enhances XRP’s position in the corporate sphere but also reignites expectations for a spot XRP ETF. Standard Chartered predicts that the spot XRP ETF could receive approval in the third quarter of 2025, potentially attracting up to $8 billion in funds within the first 12 months post-approval.
Eyes on the Spot XRP ETF Approval Process
Ripple’s new step with HashKey sheds light on the anticipated approval process for the spot XRP ETF in the U.S. Currently, at least seven different companies are awaiting approval from the U.S. Securities and Exchange Commission (SEC) for XRP-based ETF products, with Grayscale’s spot XRP ETF application being one of the most notable. The SEC is expected to respond to Grayscale’s application by May 22.
With a market cap of approximately $121 billion, XRP ranks as the world’s third-largest cryptocurrency and the second-largest altcoin. The increasing interest from institutional investors in regulated products could accelerate the altcoin’s adoption in the corporate sector. The collaboration between Ripple and HashKey signals a strong indication that this shift will commence from Asia.
