Bitcoin has presented itself as an excellent investment vehicle in the past few years. However, the nature of cryptocurrencies combined with the absence of clear regulations has kept traditional investors away from it for a long time. DLT Financial, a spin-off of well-known firm Tramonex has announced its plans to launch a new Bitcoin fund . The fund follows the company’s recent launch of its cryptocurrency index. The DLT10 Index lists 10 different cryptocurrencies namely; Bitcoin, Ethereum, Ripple, Stellar, Litecoin, Dogecoin, MaidSafeCoin, NameCoin, Factom, and NXT. According to the DLT10 Index website, the index allows users to track the performance of these 10 digital tokens for the purpose of investment. The upcoming Bitcoin tracker fund will offer businesses and individuals a securitized method for investing in Bitcoin and other listed digital currencies. In a press statement Dave Askey, the co-founder of DLT Financial and CTO of Tramonex said, “Cryptocurrencies and the blockchain are growing at a terrific pace, with equity investment into blockchain companies growing from $2 million in 2012 to $490 million in 2015. It has become clear that these technologies are here to stay and that their impact will be significant, yet the asset class is still vastly underinvested because of how technical it is today. DLT10 and its corresponding tracker fund will allow more people and institutions to invest in this asset class by providing a familiar, simplified investment model.” The volatile nature of cryptocurrencies has made them an attractive asset class for investments. Many investors are apprehensive about digital currencies and they see it as unchartered territories. A financial advisor at Chase de Vere , Patrick Connolly was quoted by an English daily saying, “We look to invest in mainstream asset classes and are nervous in investing in anything that is completely out of the […]
