RATE Group | Morgan Creek rolls out cryptocurrency fund for institutions
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Morgan Creek rolls out cryptocurrency fund for institutions

28 Aug Morgan Creek rolls out cryptocurrency fund for institutions

Posted at 18:31h in Cryptocurrency News by

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Morgan Creek Digital and Bitwise Asset Management have joined forces to introduce the Digital Asset Index Fund, which is aimed at getting institutional investors exposure to a broad basket of cryptocurrencies.

Despite the tumultuous year for bitcoin and other cryptocurrencies, Morgan Creek Capital Management Chief Investment Officer Mark Yusko, a longtime cryptocurrency bull, told CNBC that endowments, pension funds and family offices are increasingly looking for ways to invest in this area.

The fund’s minimum investment is $50,000. It tracks a new index: the Morgan Creek Bitwise Digital Asset Index (MCBDAI).

It is just the latest to launch a digital asset fund that allows investors access to an umbrella of digital currencies. Grayscale earlier this year rolled out the…

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