Raise an Earlier Investor in HashKey Capital&#039’s New XRP Tracker Fund in Asia.

HashKey Capital, an asset manager, has developed a fund that tracks the performance of XRP in Asia to encourage administrative adoption of the key used for Ripple network transactions. &nbsp,

Administrative traders in Asia were able to access the HashKey XRP Tracker Fund on Friday. The first of several planned partnerships between HashKey Capital and Ripple Labs is the finance.

According to CoinGecko data, XRP has a market cap of$ 121 billion, making it the fourth-largest cryptocurrency by market cap. The price of the coin was recently$ 2.08, up 318 % from the previous year. &nbsp,

HashKey Capital Liquid Funds Partner Vivien Wong said on Friday in a statement that “XRP stands out as one of the most impressive cryptocurrencies in today’s market, attracting international enterprises who use it to trade, transform, and keep worth.” &nbsp,

With the region’s second XRP Tracker Fund,” we simplify entry to XRP, catering to the need for investment options in the very best online assets,” she continued.

Ripple may act as the fund’s anchor investor as part of its partnership with HashKey Capital, raising the money from an unknown source.

Decrypt contacted Ripple Labs and HashKey Capital for more information, but neither company responded in time for publishing. &nbsp,

After the agency’s BTC ETF and ETH ETF, HashKey Capital’s XRP Tracker Fund is the company’s second fund that tracks online property prices.

Following Hong Kong authorities ‘ approvals of area Bitcoin and Solvent ETFs in 2024, Asian crypto companies are aiming to lead institutional flows into digital asset-based&nbsp, investment automobiles. &nbsp,

Although location Liquid and particularly area Crypto ETFs have attracted strong, if uneven, investor interest over the past year or so from Wall Street investors, their Hong Kong counterparts have attracted only scant attention from Wall Street investors. &nbsp, &nbsp,

According to data provider Soso Value’s ETF dashboard, Spot Bitcoin and Ether ETFs in the United States manage$ 100 billion in assets, while those in Hong Kong appear to have only managed$ 382 million, according to the data provider’s ETF dashboard.