📣 XRP goes Asia: Ripple joins Hong Kong's first XRP fund 🇭🇰🚀
Ripple Labs gets serious in Asia and invests as an anchor investor in the first XRP fund in the region! 💸 Together with HashKey Capital launches the "HashKey XRP Tracker Fund" 🪙, which is aimed at institutional investors and is intended to significantly simplify access to XRP.
🔗 Ripple wants to build a bridge between the the traditional financial world and Web3 innovations - another strategic step towards the global adoption of XRP.
🎯 In the future, the fund is to be invested in a spot ETF depending on regulatory approval in Hong Kong. A similar step was already taken in Brazil in February 🇧🇷 with the world's first XRP ETF.
📊 Current price: 2,13 $
📈 Daily gain: +3,1 %
📉 Still 37 % below all-time high (January)
🔍 Source: btc-echo.de
Question for you:
💬 Is this the XRP boost many have been waiting for? Will Ripple establish itself in the institutional sector in the long term?
