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RE: ICONOMI Cryptocurrency Index Fund currently has Steem as No3 CryptoCurrency Holding...
It's not clear to me if they are holding (or going to hold) Steem or Steem Power?
It's not clear to me if they are holding (or going to hold) Steem or Steem Power?
It will be Steem. They need liquidity to rebalance the portfolio on a monthly basis. I doubt sincerely they will be looking at Steem Power
I believe they claim to be "value investors" rather than speculators (given the size of their fund, they won't be able to speculate anyway). Which means holding STEEM should make no sense to them as it loses value over time. And powering up doesn't make sense from liquidity standpoint... interesting to see what they'll be doing.
Exactly, if they don't power up it would be a terrible investment, but if they do they loose their investment's liquidity - but maybe they can live with that?
they most likely will not be happy if it's not steem power, as there are so many forces in play to keep the steem price down, but those forces have the opposite effect on steem power
In the fast moving world of Crypto, Liquidity will be everything to this fund. That is why I believe they will only buy Steem, until some point in the future when Steemit is old enough, and established enough to warrant holding Steem Power (with it's 104+ week exit)...
they would be much better off buying DASH