HashKey Capital has introduced the first-of-a-kind XRP-focused investment fund in Asia. This investment tool, namely HashKey XRP Tracker Fund, will exclusively serve institutional and professional investors. The fund will track XRP’s market performance and is backed by Ripple. 

The launch of HashKey’s new fund comes at a time when XRP is gaining massive attention from institutional investors. Furthermore, the combination of Ripple’s new acquisition and positive development in the case with the U.S SEC makes XRP stand out as a suitable digital asset for cross-border payment solutions. HashKey’s new XRP Tracker Fund will thus provide flexible access through monthly subscriptions and  redemptions. 

HashKey XRP Tracker Fund Targets Institutional Interest in XRP

HashKey announced the launch of its new HashKey XRP Tracker Fund in a press release dated April. 18, 2025. The press release read; “HashKey Capital is proud to announce the official launch of the HashKey XRP Tracker Fund (the “HashKey XRP Tracker”). The fund is the first investment fund in Asia designed to track the performance of XRP, one of the world’s leading digital assets infrastructure providers Ripple will be an early investor.”

In alignment with HashKey Capital’s goal, this new fund is aimed at bridging the gap between traditional finance and digital assets. The firm further confirmed that institutional investors will be able to use this fund in a manner that reduces all the risks and challenges associated with direct crypto investment. Furthermore, the firm recognizes XRP as a key player in the cross-border payments sector. 

“The HashKey XRP Tracker Fund will be available to professional investors, who can gain exposure to XRP without the technical challenges of direct ownership. XRP is now the third largest cryptocurrency by market capitalization after BTC and ETH… it has become an integral part of the sector due to its primary use case: cross-border payments,” HashKey wrote. 

HashKey Capital is launching Asia’s first XRP Tracker Fund—with @Ripple as an early investor.

This marks a major step in expanding institutional access to XRP, the third-largest token by market cap. 🧵👇

— HashKey Capital (@HashKey_Capital) April 18, 2025

The firm also recognizes the crucial role of XRP in providing faster and cheaper transactions than traditional payment methods. Because of this, its new fund is efficient for use by banks, financial institutions, and other enterprises. 

Additionally, this fund is benchmarked by index provider CF Benchmark which is a crypto-based ETF financial products pioneer in the U.S. The fund will allow investors to buy through cash or in-kind subscriptions. Furthermore, they will be able to access shares that are redeemable monthly. 

Ripple Advances Its Institutional Strategy

Ripple recently completed its acquisition of Hidden Road, a firm that operates as a digital asset prime broker. This acquisition, which cost over $1.25 billion is set to boost institutional demand in the digital assets sector. 

The fact that Hidden Road is licensed by the FINRA to act as a broker-dealer further improves the regulatory credibility for Ripple. The move serves as a significant advancement in building a financial infrastructure that could make XRP more attractive to institutional investors. Furthermore, HashKey’s new fund benefits Ripple’s broader plan to expand XRP’s usage among financial institutions.

With Ripple submitting a joint motion with the SEC to pause any legal appeals, the firm could further put away a legal case that has hindered the growth of XRP. The legal pause set to 60 days could potentially result in an ultimate agreement that will resolve years of dispute allowing XRP to grow without legal hindrance. 

XRP’s Holds Above $2 After the Recent Dip

As per the daily chart on TradingView, XRP is currently trading at $2.09 after a turbulent week for XRP. Notably, XRP has been on a downward trend since Sunday April. 13 but seems to have found support just above $2.

With heightened accumulation by whales and more institutional adoption, XRP could continue in an uptrend. However, the coin faces resistance at $2.16 which if breached could see a recovery towards $2.35 or even higher. 

However, if bears gain more strength, Ripple could dip towards the support at $1.97. A breach of this level could result in more losses with the next support level at $1.80. Investors must thus track XRP in the coming day to determine the next price movement.