Published On: Thu, Nov 30th, 2017

CRYPTO20 Exceeds $35m Raised With Less Than 24 Hours To Go

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CRYPTO20’s goal is to bring peace-of-mind cryptocurrency investment to mainstream investors. It is an index fund that holds and autonomously rebalances a data science optimized portfolio of the top 20 cryptocurrencies. The fund has recently surpassed the $35m milestone in its ongoing token sale.
Monday (27/11/2017) saw the CRYPTO20 fund perform its second successful divestment/rebalancing procedure. A period of exceptional growth has led to the total fund value exceeding $35m with a NAV (net asset value) of over $1.3 per token due to the appreciation of the underlying assets. The token price is currently just $1.10.
The initial three (BTC/LTC/ETH) contribution cryptocurrencies were divested into the top 20 on the 21st of November. The weekly rebalance enforces the 10% component cap and mitigates risk and volatility by ensuring no single asset (and thus source of risk) dominates the fund. This functionality was released several weeks ahead of road-map targets.

Actively managed funds have consistently failed to beat the market index despite decades worth of data, billions of dollars and hundreds of analysts at their disposal. When they have, their fees dilute investor returns to less than if they had simply held the index.
The CRYPTO20 token sale is currently live and …

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