Bitcoin, Ether, Ripple, and other key crypto are expected to receive support from the launch of two index funds - IronChain MiX10 and IronChain MiX10 Institutional, which resemble contractual funds.
"Both funds will follow the MiX10 Index, which follows the performance of the top 10 caps on market capitalization," said IronChain Capital's release, which will release the two funds.
This is a positive news for the key crypto - due to the fact that it will relieve some of the problems with investing in them.
"Investing in crypto is complicated for most investors," Jonathan Benassaya, chief executive officer and founder of IronChain, told Forbes.
"The four major barriers to investing in crypto are custody, liquidity, diversification, and fees. IronChain's solution addresses these four issues by providing daily liquidity to all investors with an annual fee of 1% (the lowest on the market). With this product, investors can invest in the crypto-market in products that are as close as possible to conventional contractual funds. "
According to James Tabor, the CEO of MEDIA Protocol, "This approach will make crypto more accessible to new investors, and every influx of funds is good for the more common market."
The release of the new funds comes a few months after Wall Street introduced the Bitcoin futures to address another problem of crypto-trading - market volatility.
In the case of IronChain MiX10 and IronChain, it should be noted that the two funds are not registered with the US Securities and Exchange Commission (SEC).
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