RATE Group | Morgan Creek Launches Cryptocurrency Index Fund, Excludes Pre-Mined Tokens
40586
wp-singular,post-template-default,single,single-post,postid-40586,single-format-standard,wp-theme-bridge,wp-child-theme-bridge-child,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

Morgan Creek Launches Cryptocurrency Index Fund, Excludes Pre-Mined Tokens

30 Aug Morgan Creek Launches Cryptocurrency Index Fund, Excludes Pre-Mined Tokens

Posted at 09:13h in Cryptocurrency News by

[ad_1]

The new crypto investment fund offers institutional investors exposure to 10 of the largest digital assets, excluding the pre-mined ones like Ripple’s XRP.

articleStartImage

Morgan Creek Digital, an asset management firm backed by multi-billion dollar investment advisor Morgan Creek Capital Management, launched on Tuesday a cryptocurrency investment fund in partnership with Bitwise Asset Management.

The Digital Asset Index Fund will give accredited investors a way to gain exposure to 10 of the largest cryptocurrencies by market value. The minimum investment is $50,000, the fund’s website states.

“Every investor should be considering an allocation to digital assets right now,” Morgan Creek CIO Mark Yusko was quoted as saying in a press release. “Increasingly, institutional investors are coming to us asking for exposure to the space. We wanted to create a vehicle tailored for those investors.”

Morgan Creek and Bitwise further explained that cryptocurrencies must pass rigorous,…

[ad_2]

Source link