Cryptocurrency व्यापार मंच Huobi एक क्रिप्टो आधारित एक्सचेंज-ट्रेडेड फंड लॉन्च कर रहा है (ईटीएफ), an investment option that will allow retail investors to gain exposure to a basket of assets instead of just one at a time.
The company said in an announcement on Friday that the investment instrument – called HB10 – is now open for subscriptions, though it only accepts purchases using cryptocurrencies instead of fiat currencies.
According to the firm, the new product will replicate the Huobi 10 index, which was recently launched to track 10 different assets on the Huobi Pro exchange in real time, based on their market capitalization and liquidity.
पहले के रूप में की सूचना दी CoinDesk द्वारा, the index uses weighted samples to reflect the overall market performance on Huobi Pro. By tracking that data, Huobi touts that HB10 will help to diversify risks for retail investors while giving them exposure to major cryptocurrency assets.
The company further added that since the product will also be available for institutional investors, it could potentially “reduce the impact of institutional entry and exit” on single cryptocurrencies.
इस दौरान, a company representative told CoinDesk that the new offering will have similar restrictions as Huobi Pro. उदाहरण के लिए, while it will still be available for investors from China, the new service notably excludes those from the U.S., given regulatory uncertainty over cryptocurrency-related ETFs in the country.
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blockchain खबर में नेता, CoinDesk एक मीडिया आउटलेट है कि उच्चतम पत्रकारिता के मानकों के लिए प्रयास करता है और एक का पालन करता है है संपादकीय नीतियों की सख्त सेट. CoinDesk डिजिटल मुद्रा समूह के एक स्वतंत्र ऑपरेटिंग सहायक कंपनी है, जो cryptocurrencies और blockchain स्टार्टअप में निवेश.