Investors Flock to Asia’s First XRP Fund: A Financial Comedy Unfolds! 🎭💰

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Ah, mesdames et messieurs! HashKey Capital, in a most audacious display of financial bravado, has unveiled the HashKey XRP Tracker Fund, the very first of its kind in Asia, dedicated solely to the whims and fancies of XRP! 🎉

Now, this delightful fund is open to those illustrious professional investors, with Ripple, the noble patron, gracing the initiative as an early investor. How charming! 🤑

Institutional Interest in XRP Investment Continues to Grow

According to the wise sages at HashKey, XRP presents itself as a swifter and more economical alternative to the archaic methods of cross-border payments. This tracker fund, dear friends, aligns splendidly with HashKey Capital’s grand ambition of uniting the staid world of traditional finance with the exuberant realm of digital assets. Voilà! 💸

Investors may partake in this feast of opportunity by subscribing with either cash or in-kind contributions. And fear not, for one may redeem or subscribe to shares on a monthly basis—how generous! 🍷

CF Benchmarks, the esteemed purveyor of global ETF markets, shall provide the fund’s benchmark. A round of applause for them! 👏

“XRP, my dear audience, 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,” proclaimed Vivien Wong, Partner at HashKey Capital, with all the flair of a seasoned orator.

In a most recent twist of fate, Ripple has acquired the prime brokerage platform Hidden Road for a staggering $1.25 billion! A sum that could make even the most stoic of investors swoon! 💃

Earlier today, Hidden Road secured a broker-dealer license from the Financial Industry Regulatory Authority (FINRA). What a day for them! 🎊

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

Meanwhile, XRP continues to charm the socks off institutional investors. Standard Chartered has recently forecasted that XRP could surpass Ethereum by 2028, citing an insatiable demand for efficient cross-border payment solutions and the delightful chaos of global trade. How thrilling! 🎢

“XRP is uniquely positioned at the heart of one of the fastest-growing uses for digital assets – facilitation of cross-border and cross-currency payments. In this way, XRPL is similar to the main use case for stablecoins such as Tether. This stablecoin use has grown 50% annually over the past two years, and we expect stablecoin transactions to increase 10x over the next four years. We think this bodes well for XRPL’s throughput growth, given the similar use cases for stablecoins and XRPL,” mused Geoff Kendrick, Standard Chartered’s Head of Digital Assets Research, in a moment of profound insight.

Interest in XRP ETFs is also on the rise! Teucrium Investment Advisors has recently received NYSE Arca approval for the Teucrium 2x Long Daily XRP ETF (XXRP), the very first leveraged XRP ETF in the United States. Bravo! 🎖️

And lo! Attention now turns to spot XRP ETFs, with Grayscale and 21Shares eagerly awaiting decisions from the SEC on their XRP-based products. The suspense is palpable! 😱

The SEC has up to 240 days to review the Grayscale XRP Trust and the 21Shares Core XRP Trust, with final deadlines set for October 18 and 19, 2025. Mark your calendars, dear friends! 📅

Though XRP’s price has taken a slight tumble of nearly 20% over the past month, institutional confidence remains as high as a kite! 🎈

Ripple has recently confirmed progress in resolving its long-standing legal battle with the SEC. A joint motion to pause court proceedings was approved, granting both parties an additional 60 days to finalize a settlement. How delightful! 🕰️

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2025-04-18 21:07