Originally Published On CCN
- The same core tenets of investing that govern prudent stock market trading also apply to the crypto market.
- Even expert stock pickers struggle to outperform the market, which is why index funds have become so popular.
- The crypto market could experience a similar transition toward index-based investing.
Nonetheless, since crypto’s early days, we’ve seen the launch of over 700 cryptocurrency funds that invest in various tokens on behalf of clients. Bakkt, operated by the Intercontinental Exchange (ICE), recently launched its first bitcoin futures contracts, and is eyeing bitcoin options next. Gemini’s NY-based exchange launched a custody service in September 2019 that allows for “customers to check balances, download account statements, initiate withdrawals, and grant auditors view-only access to confirm balances, transactions and activity.”
Such developments showcase an ongoing explosion of cryptocurrency investment-related products and services, particularly geared to meet the needs of institutional players. Please Read This Great Article Here