HashKey Capital has launched Asia’s first XRP Tracker Fund, with Ripple seeding the product as an early investor. 

The fund will offer professional investors regulated access to XRP without the need to hold or trade the cryptocurrency directly. 

HashKey’s XRP Tracker Fund

Using CF Benchmarks as its reference index, the fund is designed to give institutional-grade exposure to XRP and allows monthly subscriptions and redemptions through either cash or in-kind contributions.

“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,” said Vivien Wong, Partner, Liquid Funds at HashKey Capital.

“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.”

XRP was chosen for its use in cross-border payments, offering faster and cheaper transactions than traditional systems like SWIFT. It also supports tokenization of real-world assets through the XRP Ledger (XRPL) and is already used by several financial institutions and businesses globally.

This marks the venture capital firm’s third crypto tracking product, following previous Bitcoin (BTC) and Ethereum (ETH) funds launched with Bosera. If it gets regulatory approval, the XRP Tracker Fund could be converted into an exchange-traded fund (ETF) in the next one to two years.

Further, the two companies plan to collaborate on other investment products: DeFi solutions for cross-border payments and asset tokenization projects. Another idea under consideration is the creation of a money market fund on XRPL.

Expanding Blockchain Adoption

Wong said the partnership would combine both companies’ strengths, HashKey Capital’s network of investors, regulators, and financial institutions in Asia, and Ripple’s experience in blockchain and digital payments. She added that this collaboration would support joint efforts in areas like enterprise blockchain adoption and financial infrastructure.

Fiona Murray, managing director of APAC at Ripple, said more institutional investors are looking for regulated crypto products, and this fund is a step toward meeting that demand in Asia. She also noted that the Asian firm’s strong regional presence could help support broader crypto and blockchain growth.

The announcement comes as the four-year legal battle between Ripple and the Securities and Exchange Commission (SEC) reached a conclusion with the former agreeing to pay a $50 million fine. 

Now that the case has been resolved, the path appears open for XRP ETFs in the U.S., with at least seven firms preparing to launch them. Nate Geraci previously stated that companies like BlackRock and Fidelity may soon file for products tracking Ripple’s native token.

[PRESS RELEASE – VICTORIA, Seychelles, April 18th, 2025]

In April 2025, at the Paris Blockchain Week(PBW), BYDFi, as one of the official sponsors, unveiled its new Web3 product—MoonX, highlighted during the event. MoonX is an on-chain smart trading tool designed specifically for MemeCoin investors, integrating features such as hot trend discovery, risk screening, smart money following, and trade optimization.

The launch of MoonX marks BYDFi’s official entry into the “Dual Engine Era” of both Centralized Exchange (CEX) and Decentralized Exchange (DEX) platforms. In a highly competitive global crypto exchange market, BYDFi is one of the first to complete this platform upgrade.

“Traditional exchanges are shifting from a competition based solely on trading speed and fees to a broader ecosystem competition,” said Michael, CEO of BYDFi, at the launch event. “The explosive growth of MemeCoins is driving a new wave of user growth. The future market leaders won’t just be those offering fast matching and low fees on CEXs, but platforms that can simultaneously link the on-chain ecosystem with user demand.”

As the on-chain investment entry point, MoonX complements the main BYDFi platform (CEX) with a hybrid structure:

This structural upgrade gives BYDFi a competitive advantage as CEX and DEXs increasingly merge in the future.

Currently, MoonX is deeply integrated with two major ecosystems: Solana and BNB Chain, covering leading liquidity pools like Pump.fun, Raydium, and PancakeSwap, while supporting real-time tracking of over 500,000 MemeCoin assets.

Key features of the product include:

• Fast Token Listing: API data exchange with platforms like Pump.fun to capture hot projects as liquidity pools are launched, exploiting trading time differences.
• Smart Risk Control: Multi-dimensional models evaluate token security (contract permissions, blacklists, token lock-up status, etc.), filtering out high-risk tokens.
• Smart Money Following: The system tracks millions of on-chain addresses, identifying whales and high-probability addresses, allowing users to copy trades with one click and easily share strategy profits.
• Trade Optimization: Built-in gas optimization algorithms and slippage control mechanisms ensure smooth transactions and cost control, even during peak times.

For a long time, “complex processes” and “asset security risks” have been major concerns preventing ordinary users from participating in on-chain investments. MoonX’s mission is to reinvent the on-chain trading experience, allowing more people to participate in Web3 investments as easily as using an app-based exchange. With just a BYDFi account, users can instantly connect to the blockchain and trade the next trending Meme project before it takes off.

About BYDFi

Founded in 202 BYDFi was recognized by Forbes as one of the “Top 10 Global Crypto Exchanges” and has been certified by major data platforms such as CoinMarketCap and CoinGecko. The platform currently serves users in over 190 countries and regions, earning the trust of more than 1,000,000 users worldwide. BYDFi is committed to providing users with a world-class crypto trading experience.

• Website: https://www.bydfi.com
• Support Email: cs@bydfi.com
• Business Partnerships: bd@bydfi.com
• Media Inquiries: media@bydfi.com

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This week, we examine Ethereum, Ripple, Cardano, Solana, and Hype in greater detail.

Ethereum (ETH)

It was a quiet week for Ethereum that only managed a small 1% price increase. This is because, lately, it has been moving sideways around $1,600. This lack of momentum shows indecision with market participants unsure if the ETH downtrend will resume or not.

The current price action is similar to early March, when Ethereum hovered around $1,900 for about a week before sellers returned. If nothing changes, ETH may fall to its key support at $1,400.

Looking ahead, this cryptocurrency continues to show weakness. The lack of momentum is concerning, and buyers have to break the resistance at $1,800 to bring back optimism.

Ripple (XRP)

This week, XRP managed to defend its key support at $2 and booked a 2% price increase. This is a positive sign that shows buyers are serious about keeping this cryptocurrency above $2.

While the bullish momentum is not there yet, the current price level can serve as a great pivot point for higher levels in the future, with $2.3 and $2.6 as key targets before the major resistance at $3.

Looking ahead, XRP has a good chance to return on a sustained uptrend in the medium term and aim for $3. To achieve that, buy volume has to increase considerably in the future.

Cardano (ADA)

While XRP has found good support, the same cannot be said about ADA. It failed to reclaim its previous support at $0.64, which is now acting as a resistance, with sellers having an advantage on the chart.

If buyers remain absent, then the next key support levels will be found at $0.5 and $0.45. While the daily MACD turned bullish, the buy volume is simply not there to challenge the resistance at $0.64.

Looking ahead, Cardano is found in a flat trend with buyers unable to make their presence felt. For this reason, it is unlikely to see any major moves from this cryptocurrency at this time.

Solana (SOL)

Solana increased by 13% this week, making it the best performer on our list. This comes after the price broke above $118, which used to act as resistance.

This uptrend may continue uninterrupted until $150 where sellers returned in the past, most recently in late March. While the path is clear for higher levels, buyers will need to turn $150 into a key support if they want to sustain this rally.

Looking ahead, SOL is experiencing a relief rally after its most recent drop. While sellers are absent right now, they can return once the price approaches the key resistance at $150. Best to be cautious there.

HYPE is the second-best performer on our list this week with a 10% price increase. This comes after it entered a sustained rally since touching $9. Considering it reached $17 recently, that means it jumped by over 80% within a relatively short period of time.

While its rally in early April was quite strong, sellers have started to make their presence felt more in the past week with each new high being met by increased sell pressure. This can also be seen on the daily sell volume which is making higher highs.

Looking ahead, HYPE had a fantastic run, but this is starting to show some weakness with buyers becoming exhausted. This is why a pullback becomes more likely at these levels since sellers are returning.