17.05.2018 - 1 weeks ago
When will this boost come? No one knows that. ➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖ Bitcoin, Ethereum, Ripple, and other major cryptocurrencies are expected to get a boost from the launch of two mutual fund-like cryptocurrency index funds, IronChain MiX10 and IronChain MiX10 Institutional.“Both Funds will track the MiX10 Index, a market cap weighted index that tracks up to the 10 largest cryptocurrencies,” according to a press release by IronChain Capital, which is to launch the two funds. That’s a bullish development for major cryptocurrencies. For an obvious reason: It will help address multiple barriers to investing in major cryptocurrencies. “Investing in cryptocurrency is complicated for the majority of investors,” explains Jonathan Benassaya, CEO and Founder of IronChain. “The four main barriers to invest are custody, liquidity, diversification and fees. IronChain’s solution addresses those four issues by allowing daily liquidity to all investors without any lockup, with an annual fee of 1% (the most economical of the market). There are no performance nor loading or redemption fees, an index-based portfolio of 10 of the largest protocols with a market cap weighting, and an institutional grade custody through xapo, kingdom and ledger. With this product, investors can invest in the cryptocurrency market in a product as close as possible to a regular mutual fund.”MEDIA Protocol CEO, James Tabor agrees. "This approach will make crypto more accessible to new investors, and any influx of money is good for the wider market."Eiland Glover, CEO of Kowala, an autonomously stablized cryptocurrency is also positive on the introduction of index funds, though he thinks they benefit mostly accredited investors. “While this move will definitely increase accessibility, at this stage, it will mostly affect accredited investors rather than retail investors ,” says Glover. #bitcoin #bitcoins #blockchain #блокчейн #Биткойн #криптавалюта #ФинТех #bitcoinasia #bitcoinnews #bitcointechnology #bitcointraiding #bitcoinguru #bitcoinprice #bitcoinbillionare #bitcoinmining #bitcoinexchange #altcoin #ethereum #money #cash #fintech #cryptocurrency #cryptocurrencies #btc #xrp #ltc #ripple
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@carcas20 @matt.cano
They made up some "challenges" and pushed fud just to turn around and make a product that keeps the actual crypto out of investors hands. People aren't researching. The trusted third party has to go. What we need is merchant adoption!
As they #Manipulate markets lower!
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