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View Full Version : Abra Now Lets You Invest in a Cryptocurrency Index Fund Token



Dangerous
10-05-2018, 07:41 AM
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Cryptocurrency wallet and exchange Abra have unveiled their collaboration with Bitwise Asset Management, allowing Abra customers to invest in a cryptocurrency token that tracks Bitwise’s large-cap crypto index.

Abra, Asset Manager Collaborate on Cryptocurrency Index Token
Users of the Abra app now have the ability to buy and sell the Bitwise 10 Crypto Index Token (BIT10). BIT10 is a cryptocurrency token based on the Bitwise 10 Large Cap Crypto Index run by Bitwise Asset Management. The BIT10 token enables customers to own tokens whose value tracks an index of 10 different large cap cryptocurrencies. Professionals at Bitwise oversee the index the token is based on, ensuring that the combination of crypto assets is up to specifications.

BIT10 is only available on the Abra app, with each token representing price action based on the above-mentioned index of 10 separate crypto assets. The 10 assets are picked by Bitwise, according to their status as high market cap assets. The chosen assets are managed and adjusted on a monthly basis, so as to provide the most effective combination of criteria.

There is only a $5 minimum investment in the BIT10, with no limitations as far as time periods for buying and selling. The index token provides the public with an accessible way to become involved in cryptocurrency markets, and gain exposure to the price movements of many different significant crypto assets, without the need for time-consuming research and constant portfolio management.


source https://www.ccn.com/abra-now-lets-you-invest-in-a-cryptocurrency-index-fund-token/