HashKey Capital said XRP issuer Ripple was one of the fund's first investors. The HashKey XRP Tracker is designed for experienced market participants — only they will be able to access XRP, the company said.

According to HashKey Capital, XRP stands out from other cryptocurrencies due to its “exclusivity and popularity among international firms.” The exchange-traded fund will simplify access to the asset, the company assured. Investors can contribute funds in cash or digital assets.

The HashKey XRP Tracker exchange instrument is the third in the HashKey Capital line. Previously, ETFs on Bitcoin and Ethereum were launched .

Earlier, analysts from investment bank Standard Chartered (LON: STAN ) said that the price of altcoin XRP could exceed $5.5 by the end of the year and reach $10.4 in 2027.