A New Cryptocurrency Index Fund Has Been Launched

The venture company Morgan Creek Digital Assets together with Bitwise Asset Management are launching a new cryptocurrency index fund called the Digital Asset Index Fund, aimed to attract institutional investors willing to enter the digital assets market. According to Mark Yusko, the head of Morgan Creek, in the long term the fund should become a new standard for the entire industry.

"We’re fully prepared and feel we’ve built something that institutional investors will find attractive regardless of how the assets are categorized. Whether they’re securities or not," Anthony Pompliano, a founder and a partner of Morgan Creek Digital Assets, said.

The Digital Asset Index Fund offers 10 largest digital assets, ranked by market capitalization. At the moment, the index fund offers such cryptocurrencies as Bitcoin, Ethereum, Bitcoin Cash, EOS, Litecoin, Zcash, Monero, Dash, Ethereum Classic and Omisego. The portfolio of 10 leading cryptocurrencies will be rebalanced on a monthly basis. When recalculating, the market capitalization of digital assets, the technical capability of their safe "cold" storage and trade concentration limits will be taken into account.

In this case, the Ripple and Stellar tokens will not be added to the fund, since their release is carried out through a pre-mine.

"If there’s a central party that owns 30% or more of supply, then we withhold those from the index. Because we think that introduces a lot of additional risks that may not be there if it was a more decentralized network," Anthony Pompliano added.

In general, this news has positively affected the market of cryptocurrencies and has supported their growth.

JustMarkets, 2018.08.30

This article reflects a personal opinion and should not be interpreted as an investment advice, and/or offer, and/or a persistent request for carrying out financial transactions, and/or a guarantee, and/or a forecast of future events.

Abrir cuenta

Consigue análisis gratis

* campos obligatorios
Últimos artículos
Todos los artículos
¿Qué es el cuadrado de Gann?
En general, el cuadrado de Gann es una herramienta única y compleja que ofrece información sobre las tendencias del mercado y los movimientos de precios.
Leer más
¿Qué es el enfoque de Gunn?
El Método Gunn es un enfoque del trading financiero que utiliza una combinación de análisis técnico, ciclos de tiempo y patrones geométricos para predecir los movimientos de precios en los mercados financieros.
Leer más
Expectativas matemáticas en el trading
La expectativa matemática se refiere al resultado medio de una estrategia de trading en muchas operaciones, teniendo en cuenta tanto las ganancias como las pérdidas. Es un concepto estadístico que ayuda a los traders a evaluar la rentabilidad potencial de sus estrategias.
Leer más