Morgan Creek Digital, an asset management firm backed by multi-billion dollar investment advisor Morgan Creek Capital Management, launched on Tuesday a cryptocurrency investment fund in partnership with Bitwise Asset Management.
The Digital Asset Index Fund will give accredited investors a way to gain exposure to 10 of the largest cryptocurrencies by market value. The minimum investment is $50,000, the fund’s website states.
“Every investor should be considering an allocation to digital assets right now,” Morgan Creek CIO Mark Yusko was quoted as saying in a press release. “Increasingly, institutional investors are coming to us asking for exposure to the space. We wanted to create a vehicle tailored for those investors.”
Morgan Creek and Bitwise further explained that cryptocurrencies...
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