Firm Creates New Cryptocurrency Index

FinTech, Investing | August 11, 2017 By:

Crypto Asset Management has created a new cryptocurrency index designed to mirror the 30 largest cryptocurrencies by market capitalization.

Called CAMCrypto30, the cryptocurrency index allows investors to gain broad exposure to an asset class while diversifying their holdings within it. CAMCrypto30, which was constructed to resemble the Russell 2000 and FTSE 100 indices, is weighted by market cap.

“We’ve used those two indices as our model because they are the closest to what seems to be appropriate in the crypto space,” said Crypto Asset Management managing director Tim Enneking. “Not only is there no real index – there is certainly no investible index.”

The company also announced a new, investible share class for the fund, which will track the cryptocurrencies listed in the index. The new index-tracking I-Class joins two other existing cryptocurrency fund classes: an L-Class, which is used to generate exposure to short-term lending rates, and a T-Class, which is a trading class.

Crypto Asset Fund is an open-end, private fund formed for the purpose of acquiring, managing and divesting investments in a variety of crypto assets.