First XRP tracker fund launches in Asia backed by Ripple 
Cryptocurrency Apr 18, 2025 Share
In a significant step toward mainstreaming crypto investments in Asia, HashKey Capital has announced the launch of the region’s first XRP Tracker Fund, which officially debuted on Friday, April 18.
The fund backed by Ripple, the company behind the XRP Ledger aims to simplify institutional access to the XRP token by removing the complexity typically associated with direct crypto holdings.
The product is designed to replicate the performance of XRP, an asset long recognized for its ability to facilitate fast, low-cost international payments. It comes at a time when financial institutions across Asia are increasingly exploring digital assets as part of their broader diversification strategies.
“XRP stands out as one of the most innovative cryptocurrencies in today’s market, attracting global enterprises who use it to transact, tokenize, and store value. With the first XRP Tracker Fund available in the region, we simplify access to XRP, catering to the demand for investment opportunities in the very best digital assets,” said Vivien Wong, Partner, Liquid Funds at HashKey Capital.
Fiona Murray, Managing Director APAC at Ripple, added:
“Institutional investors are eager to access regulated products around the world, and this is exactly what the HashKey XRP Tracker Fund will deliver in the Asia-Pacific region.”
The launch marks HashKey Capital’s third digital asset tracker fund, following the rollout of the BTC ETF (3008.HK) and ETH ETF (3009.HK) in partnership with Bosera. Together, these products are part of a broader push to create regulatory-compliant gateways into crypto—especially appealing to investors wary of managing private keys or navigating volatile crypto exchanges.
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
XRP market reaction
Interestingly, XRP itself hasn’t rallied in response to the news. The token is currently trading at $2.06, down 1.03% over the past 24 hours, and has only seen 13 green days in the last 30 (43%).
While the fund could support long-term institutional flows into XRP, the near-term price action suggests that broader market sentiment and macro conditions are playing a more dominant role.
Still, XRP maintains key technical levels holding above $2 and staying comfortably above its 200-day simple moving average which may offer some reassurance to long-term holders.
Despite the lukewarm price response, the significance of this fund launch shouldn’t be understated. It underscores growing institutional appetite for digital assets beyond Bitcoin and Ethereum and may signal a slow but steady maturation of XRP as an investable asset class—especially in Asia, where regulatory clarity is progressing faster than in many Western markets.