RATE Group | Bitcoin [BTC], Ethereum [ETH] and Bitcoin Cash [BCH] are part of digital asset fund set …
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Bitcoin [BTC], Ethereum [ETH] and Bitcoin Cash [BCH] are part of digital asset fund set …

30 Aug Bitcoin [BTC], Ethereum [ETH] and Bitcoin Cash [BCH] are part of digital asset fund set …

Posted at 06:14h in Ethereum News by

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On 28th August, Morgan Creek Capital Management, LLC, an SEC registered investment management services announced their collaboration with Bitwise Currency Index Fund to launch their very own cryptocurrency fund. The digital asset index fund will offer exposure to the top 10 largest cryptocurrencies such as Bitcoin [BTC], Ethereum [ETH] and Bitcoin Cash [BCH]. However, XRP did not make it to the list.

The fund will have a minimum buy-in of 50 thousand dollars that is designed to attract institutional investors. Mark Yusko, the Founder, and CEO of Morgan Creek in an interview with CNBC stated that he is seeing strong interest from endowments, pension funds and family offices who want to better evaluate investment opportunities.

Morgan Creek has confirmed that they will store the cryptocurrency offline [also known as cold storage] and conduct annual audits so as to calm investor concerns around safety. The firm has further stated that they will use third-party custody…

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