The crypto trading venue named Huobi Pro recently launched what it says is the first cryptocurrency exchange-traded fund – ETF. This fund will be targeted at retail investor.
The announcement for it came this Friday when the Singapore-based exchange HB10 unveiled the plans about the fund, allowing investors to purchase shares in a basket of cryptocurrencies thanks to the firm’s recently launched benchmark index – the Huobi 10.
Basically, any investor can subscribe to the cryptocurrency ETF by using Bitcoin, Ether, USDT or Huobi tokens.
buy tadasiva generic buy tadasiva online no prescription
The minimum investment is roughly $100, depending on the current prices of each asset accordingly.
Even though many people point out to the name ‘cryptocurrency’ and whether ETF should be called that (since it doesn’t trade on a regulated securities exchange as conventional ETFs and cannot be held in conventional brokerage accounts) still Huobi is the latest in a growing list of investment firms to launch an index of cryptocurrencies.
The thing that sets HB10 apart is the minimum initial investment that allows investors to purchase it – unlike many of the other indexes which are restricted to accredited investors and demand tens of thousands of dollars.
Meanwhile, the shares of the fund will trade against USDT on Huobi Pro, even though the website suggests that the exchange will open up trading pairs against other coins in the future.
DC Forecasts is a leader in many crypto news categories, striving for the highest journalistic standards and abiding by a strict set of editorial policies. If you are interested to offer your expertise or contribute to our news website, feel free to contact us at [email protected]
Discussion about this post