I read an article on Forbes about a new digital currency index you can invest in called FAAST5. The website is here:
I see this is a valuable investment tool for passive investors wanting to enter the digital currency market for gains and diversification. This sort of investment vehicle will provide some diversification by investing across the top 5 digital currencies in proportion to the market capitalisation.
I’m sure this is not the first of these types of investment vehicles but it’s the first I’ve read about and the availability of such indexes for investment will make the transition into digital currency investment easier than the process most of us currently follow. Anything that brings more liquidity into the digital currency world is a good thing in my book.
It’s also good to have resource that tracks the overall market movement like the Nasdaq or FTSE but for digital currencies.
