http://www.ThinkingCrypto.com The creator of the Bitcoin Investment Fund, Barry Silbert, is launching his fourth fund aimed at giving accredited investors a way to invest in crypto.
Grayscale will be solely invested in a basket of crypto assets that will initially include bitcoin (BTC), ether (ETH), ripple (XRP), bitcoin cash (BCH) and litecoin (LTC).
Their previous funds included on bitcoin, ethereum classic and zcash.
“This gives them the ability to make a singular investment that is going to give them exposure to approximately 70 percent of the market via this one vehicle.” – Grayscale managing director, Michael Sonnenshein.
To account for changes in cryptocurrency market caps, it will be rebalanced on a quarterly basis, potentially removing existing digital assets and adding new assets.
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Disclaimer – Thinking Crypto and Tony Edward are not financial or investment experts. You should do your own research on each cryptocurrency and make your own conclusions and decisions for investment. Invest at your own risk, only invest what you are willing to lose. This channel and its videos are just for educational purposes and NOT investment or financial advice.
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