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Hashkey reveals a XRP tracker backed by Ripple – is ETF just around the corner?

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Hashkey Capital, a Hong Kong digital asset management company, has announced the launch of a new investment product that focuses on XRP, which represents a strategic step towards increasing institutional exposure to the third largest encryption assets by the market in Asia.

The product, called the Hashkey XRP Tracker box, is placed as the first investment vehicle in the area specifically designed to reflect the performance of the market in XRP. The company also stated that there are plans to develop the fund in a trading box (ETF) in the future.

The goal behind the XRP first tracker in Asia

According to April 18 advertisementRipple will act as an anchor investor in the Tracker Fund, which enhances the partnership between Blockchain and Hashkey.

The initiative aims to attract the organization’s institutional capital to Altcoin’s ecosystem and expand access to digital asset investors across the region. Hashkey indicated that the new fund is compatible with its ongoing efforts to create compatible financial tools and encrypted citizenship within the organized markets.

In addition to the launch of the Tracker Fund, Hashkey Capital revealed that the company and Ripple deepened its cooperative relationship. Companies are currently exploring the development of additional investment products and a financial infrastructure that benefits from the Professor XRP book.

These discussions include the possible launch of the MMF Fund (MMF) using the distinctive code on Blockchain XRP, as well as creating decentralized financing solutions (Defi).

Cooperation with Ripple and expanding the future product

Vivien Wong, partner in Hashkey Capital, noted that cooperation goes beyond financial investment. She said that the company will contribute to its network of financial institutions, organizational bodies and investors in the region to help in the broader Ripple goals.

Wong emphasized that cooperation supports Ripple initiatives in decentralized financing and Blockchain adoption of institutions. The XRP Tracker Box becomes the third Tracker box in the Hashkey Portfolio, after products similar to Bitcoin and ETHEREUM.

These offers reflect the company’s strategy to provide institutional class access to the main digital assets. Although ETF is not at this stage, Hashkey indicated that the XRP box may move to the ETF structure, awaiting organizational developments and invested demand.

The entry of the XRP box in the Ripple -backed area adds to the increasing interest in bringing traditional financial frameworks to the encryption markets in Asia. Interestingly, the price of XRP was ignorant of the news with the failure to see the assets that did not rise, but instead it is traded at $ 2.08, which represents a decrease of 1.2 % last day.

XRP price scheme on TradingView
The price of XRP moves up to the graph for two hours. Source: XRP/USDT on Tradingvief.com

A distinctive image created with Dall-E, the tradingView chart

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