Abra In Partnership With Bitwise Is Launching a Crypto Token That Tracks Crypto

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Crypto wallet provider Abra is launching a new Bit10 token, short for Bitwise 10 Crypto Index Token in a bid to offer investors more exposure to the cryptocurrency market.

It was created by Bitwise Asset Management fund and is tied to the top 10 coins on the market cap list. When investors buy this new token made on BTC-basis they will invest in the top 10 coins at once.

Per the announcement, any investor is now able to acquire the BIT10 token through the Abra app, with a $5 minimum investment. Hunter Horsley, the CEO at Bitwise, said:

“Index investing is extremely popular in stocks, bonds, and crypto because it gives investors diversified exposure without having to constantly monitor news and try to predict which assets will be most valuable. So far in the crypto space, index investing has only...

Read More: https://news.bitzamp.com/abra-in-partnership-with-bitwise-is-launching-a-crypto-token-that-tracks-crypto-index/