Crypto money manager Bitwise has liquidated $9.3 million worth of XRP in its crypto index fund.
Bitwise has launched the first crypto index fund available to investors in the U.S.
Hong Kong's Securities and Futures Commission has approved a bitcoin index fund from Arrano Capital, one aimed solely at institutional investors.
Bitwise is hoping to draw a retail market for its Bitwise 10 Index Fund, which it intends to list on a regulated alternative trading system later this year.
The firms are are teaming up to launch a new index fund aimed at institutional investors looking to enter the digital asset market
The partners say the blockchain technology speeds up data delivery from the index provider, removes the need for manual intervention and lowers risk.
Investment marketplace Reality Shares has teamed up with Nasdaq to launch an index tracking companies in the nascent blockchain industry.
Author William Mougayar has launched a new cryptocurrency index fund that enables investors to buy exposure to a fund of handpicked assets.
An industry observer's simulations of cryptocurrency index funds suggest bitcoin is hard to beat.