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Feb 9, 2018
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Cryptocurrency and blockchain investments are growing. Traditional investors are searching different ways to invest in the market. Many enterprises and funds are starting to offer more options to these important investors. Greyscale, the company behind Bitcoin Investment Trust (GBTC), has decided to offer a new fund tied to five top cryptocurrencies.
Grayscale ‘Digital Large Cap Fund’
According to the official Grayscale website, “the BIT enables investors to gain exposure to the price movement of bitcoin through a traditional investment vehicle, without the challenges of buying, storing, and safekeeping bitcoins.”
Now Grayscale Investments has launched the Grayscale Digital Large Cap Fund. The fund aims to provide exposure to the top liquid digital assets, through a market cap-weighted portfolio.
The portfolio includes five cryptocurrencies: Bitcoin (BTC), Ether (ETH), Ripple (XRP), Bitcoin Cash (BCH), and Litecoin (LTC). The composition will be divided as follows:
- Bitcoin (BTC) – 47.6%
- Ether (ETH) – 31.5%
- Ripple (XRP) – 11.6%
- Bitcoin Cash (BCH) – 6.8%
- Litecoin (LTC) – 2.5%
The information was provided by Grayscale CEO Barrry Silbert on Wednesday at the Yahoo Finance Market Summit: Crypto. This is the fourth investment fund created by Grayscale and related with the cryptocurrency market. Before it launched the previously mentioned GBTC, the Ethereum Classic Investment Trust and Zcash Investment Trust.
Grayscale
“People don’t know or care which coin will win. They just want to be in this asset class. We have people who want to put $100 million into this,” commented Mr Silbert.
The fund will be available solely to SEC-accredited investors with an annual income of $200,000 or a net worth of over $1 million. The intention of the company is to list the fund’s shares publicly after one year. In this way, investors without the SEC accreditation will be able to buy a share.
Cryptocurrency Traditional Investments
Several investors are ready to place their investments in cryptocurrencies. But there are some difficulties that make it difficult for them to invest in regular cryptocurrency exchanges. That’s why, these investors are searching different traditional mechanisms in order to be part of the market.
For example, at CoinStaker we wrote that Blockchain ETFs are now available on Nasdaq and the New York Stock Exchange (NYSE). These companies are investing in different enterprises related to the blockchain and cryptocurrency industry. Reality Shares Nasdaq NexGen Economy ETF (BLCN) focuses on big enterprises that are starting to use blockchain technologies.
Amplify Transformational Data Sharing ETF (BLOK) will have a riskier approach by investing in small market capitalization enterprises.
In this way, there are investment possibilities for aggressive and conservative individuals. This is a good way to approach the market and test how this technology will develop in the future. These stocks have important possibilities to be profitable in the middle and long term as the Blockchain and cryptocurrency industry keep growing.
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