Bitcoin, Ethereum, Ripple and other leading cryptocurrencies is expected to receive a major boost with the launch of two new investment funds, the opening of which was announced by the California-based company IronChain Capital. This writes Forbes.
As stated in the press release IronChain Capital, the company launched index funds IronChain IronChain MiX10 MiX10 and Institutional.
“Both funds will track MiX10 Index, weighted index of the market capitalization of the ten largest crypto-currencies”, — stated in the message.
The funds are intended for accredited investors and qualified buyers who will be able to Deposit funds in USD, and bitcoin ETH.
As the company claims, it has a hybrid liquidity pool, which combines funds from cryptocurrency exchanges and OTC platforms. For safe keeping the funds of investors IronChain Capital announced partnerships with several leading technology and cryptocurrency companies, including Kingdom Trust, Ledger and Xapo.
Simultaneously, IronChain Capital reported receiving $2.5 million venture capital investment. The financing of the company from San Francisco was headed by Matrix Partners, in partnership with Draft Ventures and Montage Ventures.
We will remind, earlier in may about plans to launch a platform for major bitcoin traders reported by Intercontinental Exchange, the parent company of the new York stock exchange (NYSE).