Cryptocurrency Exchange Traded Fund [ETF] is launched by Huobi
Crypto world is expanding day by day volume of traded increasing tremendously and new ICO’s is launching approximately every day. In addition to this Huobi Cryptocurrency trading platform has announced to launch a crypto-based exchange traded fund (ETF), similar to stock exchange it will also benefit retail investors to invest in a basket of assets instead of just one at a time.
Exchange Traded Funds tracks an index, an Exchange Traded Fund ( ETF ) trades like a common stock on a stock exchange. Exchange Traded Funds (ETFs ) have higher daily liquidity and experience price changes throughout the day as they are bought and sold.
The company made an announcement on Friday that company now launching feature of Exchange Traded Funds and will only accept cryptocurrencies for subscription, anyone who wants to invest can subscribe now as subscription started for the investment instrument known as HB10.
Huobi will help to retail investors to diversify the risks and gives them exposure to more cryptocurrency assets. In Huobi Pro we see the overall market performance as it is done by weighted samples and this will replace the Huobi 10 index which was launched by the company for 10 different assets, based on liquidity and capitalization on real time.
Although new feature is not constrained up to retail investors only it also available for institutional investors so the company hoping that now it could “reduce the impact of institutional entry and exit” on single cryptocurrencies.
In between, it was in the news that new offerings will have same features and restrictions as earlier, according to a representative it will not be available for investors from the U.S as there is regulatory uncertainty over cryptocurrency related Exchange Traded Funds (ETFs) in the U.S and Chinese investors are applicable to invest in this.
Disclaimer: Koinalert’s content is only for information purpose in nature and should not be considered as investment advice. Do your own market research before investing in any cryptocurrencies. The author or publication does not hold any responsibility for your personal financial loss.