Morgan Creek Capital Management LLC, an SEC-registered investment firm, and Bitwise Asset Management, the first index fund for the cryptocurrency, recently joined forces to bring us The Digital Asset Index Fund. An index fund for cryptocurrency that will securely track the most substantial investable digital assets.
Mark Yusko, Morgan Creek CEO, firmly believes in the technology of blockchain. Moreover, when it started venturing from utility tokens to security tokens. Which he thinks is a significant opportunity especially for industries such as Morgan Creek, where trust and security are very crucial in the business.
According to Anthony Pompliano founder of Morgan Creek “We have been approached by many institutional investors who want to gain exposure to digital assets. By partnering with Bitwise, the leading crypto index provider, we can bring an institutional-grade solution to these clients. The crypto industry continues to mature, and we see this as another milestone along the way.”
With that being said, I think this may have a good impact in the crypto industry since the most common reservations of investors are security. Having a credible investment firm such as Morgan Creek Cap will encourage more people to venture into cryptocurrency.
Here are the cryptocurrencies that will be included in the index fund:
- Bitcoin
- Ethereum
- Bitcoin Cash
- EOS
- Litecoin
- Zcash
- Monero
- Dash
- Ethereum Classic
- OmiseGo
Sources: https://www.digitalassetindexfund.com/
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