Morgan Creek Launches Crypto Index, Snubs XRP

in krypton •  last year  (edited)

token-fund.jpg

With the bitcoin price perched above $7,000 and moving higher, there’s no better time to debut a new investment product, and a couple of investment firms have pounced on the momentum. Morgan Creek Capital Management, which boasts $1.5 billion in assets under management, has teamed up with Bitwise Asset Management for a cryptocurrency-fueled index fund that’s designed to attract institutional capital.

The Digital Asset Index Fund is like the CRB of crypto only instead of commodities, it gives investors exposure to a “basket” of leading digital currencies that match the strategy.

morgan-creek-fund.jpg

Perhaps just as striking as the components in the index are those being left out — No. 3 cryptocurrency XRP as well as No. 6 coin Stellar. For its part, blockchain-based cross-border s

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When I grow up I want to be a dinosaur

:P

Coins mentioned in post:

CoinPrice (USD)📈 24h📈 7d
BTCBitcoin7075.875$2.07%5.7%
ETHEthereum293.183$2.57%2.13%
LTCLitecoin62.190$3.28%7.65%
XLMStellar0.230$1.36%1.44%
XRPXRP0.345$0.61%0.91%

thanks for the info :-)

Great Post 😆

thanks bro

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thank you :-)