image missingTrue Value Metrics (TVM)
Meaningful Metrics for a Smart Society
image missing Navigation ... HOME
HOME SN-BRIEFS SYSTEM
OVERVIEW
EFFECTIVE
MANAGEMENT
PROGRESS
PERFORMANCE
PROBLEMS
POSSIBILITIES
STATE
CAPITALS
FLOW
ACTIVITIES
FLOW
ACTORS
PETER
BURGESS
SiteNav SitNav (0) SitNav (1) SitNav (2) SitNav (3) SitNav (4) SitNav (5) SitNav (6) SitNav (7) SitNav (8)
Date: 2020-10-30 Page is: DBtxt001.php txt00014981

Blockchain / CRYPTOCURRENCIES
Crypto Investing

First Regulated Cryptocurrency Index Fund Launches in the US ... The Cryptos Fund (US) tracks the CCi30 index, which monitors the top 30 cryptocurrencies, including bitcoin, ethereum, ripple, bitcoin cash and litecoin.

Burgess COMMENTARY

Peter Burgess

CRYPTOCURRENCIES First Regulated Cryptocurrency Index Fund Launches in the US The Cryptos Fund (US) tracks the CCi30 index, which monitors the top 30 cryptocurrencies, including bitcoin, ethereum, ripple, bitcoin cash and litecoin. « Long Blockchain Gets Axed… Jocelyn Aspa • April 12, 2018 Add Comment 100 cryptos-fund The cryptocurrency industry can add another “first” to its belt. On Thursday (April 12), the Cryptos Fund, which is the first regulated cryptocurrency fund, officially launched a new entity for qualified investors in the US. Called Cryptos Fund (US), the fund tracks the CCi30 cryptocurrency tracker, which monitors the top 30 cryptocurrencies, including favorites like bitcoin, ethereum, ripple, bitcoin cash and EOS as the top five. It provides savvy investors the opportunity to gain exposure in the blockchain sector. Blockchain free report Looking for Blockchain Stocks? Find them in your free report. Get My Free Report Igor Rivin, chief research officer of the Cryptos Fund, said in the release that the blockchain industry is still in its infancy, which means the sector still has an “enormous growth potential.” “Institutional investors have just started to enter this sector; we expect more and more players of the caliber of George Soros to join the field in the future,” he said. “We believe that following the CCi30 index is a smart way to invest in cryptocurrencies.” According to the release, the Cryptos Fund will accept subscriptions from qualified investors starting at $10,000, and has a management fee of as low as 0.99 percent depending on the subscription size. Jeffrey Zorn, chief security officer of the Cryptos Fund, said that the fund is completely secure with the “highest levels of security,” and that investor assets are held in its proprietary cold storage with “military-level physical protection.” On that note, it’s no secret that 2018 has been a tumultuous year for the crypto space, with leaders like bitcoin being unable to sustain 2017 year-end levels of nearly $20,000 per token and dipping below $7,000 this year. That being said, the top 15 cryptocurrencies were in the green on Thursday, having made substantial increases over a 24-hour period. As of 5:53 p.m. EST, bitcoin was priced at $7,813.78 with a 10.93-percent increase, while ethereum increased 10.95 percent to $480.74. Ripple was up 14.41 percent to $0.63, bitcoin cash had risen 8.04 percent to $772.30 and litecoin had increased 6.15 percent to $126.04. Don’t forget to follow us @INN_Technology for real-time news updates.

Securities Disclosure: I, Jocelyn Aspa, hold no direct investment interest in any company mentioned in this article.



The text being discussed is available at
https://investingnews.com/daily/tech-investing/blockchain-investing/first-regulated-cryptocurrency-index-fund-officially-launches-us/
and

SITE COUNT<
Amazing and shiny stats
Blog Counters Reset to zero January 20, 2015
TrueValueMetrics (TVM) is an Open Source / Open Knowledge initiative. It has been funded by family and friends plus donations from well wishers who understand the importance of accountability and getting the management metrics right. TVM is a 'big idea' that has the potential to be a game changer leveling the playing field so the wealth and power is shared on a more reasonable basis between people who work for a living and those that own the economy and the levers of power. In order to be effective, it cannot be funded in the conventional way with a for profit business plan, but absolutely must remain an open access initiative.
WE WANT TO MAINTAIN AN OPEN KNOWLEDGE MODEL
A MODEST DONATION WILL HELP MAKE THAT HAPPEN


The information on this website may only be used for socio-enviro-economic performance analysis, personal information, education and limited low profit purposes
Copyright © 2005-2020 Peter Burgess. All rights reserved.