Bitcoin on motherboard,3d rendering,conceptual image.
In 2020, the cryptocurrency rate began to grow, also with the relevance of its use. Now you can do anything for this virtual currency – buy goods on the Internet, play at this UK online casino, or even pay for charity. Therefore, the decision to open the first publicly traded statutory trust was a matter of time.
Bitwise Asset Management has created a platform for buying and selling cryptocurrency, with access for any investor. The fund first appeared in late fall 2020 with a total face value of $120 million. At the same time, the price of one share is only $25. On the same day, the share price rose to $31. Nevertheless, this is an affordable price per share for such a fund. Especially compared to the Bitcoin price, which is more than 10 thousand dollars.
This fund is considered sufficiently secure, as it is regularly checked, balanced, and monitored for storage. Bitwise 10 Crypto Index Fund is unique in that shares of this fund can be purchased through any brokerage company. And also brokers of owls of this world can purchase not only standard bitcoin, which at the start of the sale of shares accounted for 75% of all assets but also Ethereum. Yet, it is only 13%.
There are also other currencies in this market that you can also start investing in. One of these currencies is Litecoin. Yet, it should be said that the fund has made sure that the range includes only currently popular cryptocurrencies.
The owners of the fund report that it was created specifically for cryptocurrency consultants. Their goal was to easily and safely provide its clients with the opportunity to buy Bitcoin. It is also worth recalling that it is one of the safest currencies. All transactions with this coin are protected by encryption and the security system.
It will greatly simplify the work of family offices, institutional funds, and individuals. At the same time, only accredited investors who are enrolled in NAV can make purchases or placements on the exchange. The fund’s system has greatly simplified the placement process. Thus, ordinary investors and investment companies will be able to receive which part of the shares.
Although the system and foundation are still in need of work, the system is already quite popular and proudly bears the title of “breakthrough”. Specialists will work on the system in the near future and develop systems more and more. In the meantime, it is already bringing positive results that can be boasted. So, you can invest in it and be sure that your money is safe.
As mentioned earlier, Bitcoin is the leading currency on the Internet at the moment. So, if you are looking for an option for where to invest, this option of the stock exchange will definitely suit you. Moreover, this coin is the most reliable one. It has a long-term history and is already trusted by millions of traders and investors all around the world.
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Stefan has been writing articles for DCForecasts since 2016 in-house full time. As one of our main cryptocurrency writers, he focuses on covering the latest cryptocurrency news, technical charts, price analyses of coins and press releases. When he is not exploring and covering the latest topics in crypto, you can find Stefan playing basketball, tennis or cycling.
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