Circle announced today that they will be offering a product for retail investors that allows purchase of a basket of cryptocurrencies with one order rather than by individually allocating buys.
Interested investors can now purchase a basket of 7 coins based on their market weighting even with small amounts of money, as little as $1 according to their press release. This makes this de facto crypto index fund available to far more investors than the Coinbase index fund, which is currently only available to accredited investors.
Dubbed “Buy the Market,” the basket purchase includes Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Ethereum Classic (ETC), Litecoin (LTC), Zcash (ZEC) and Monero (XMR).
Circle made news earlier this year when they acquired crypto exchange Poloniex. Circle has received backing from Goldman-Sachs, a firm interested in increasing their own crypto offerings.
Interested investors can now purchase a basket of 7 coins based on their market weighting even with small amounts of money, as little as $1 according to their press release. This makes this de facto crypto index fund available to far more investors than the Coinbase index fund, which is currently only available to accredited investors.
Dubbed “Buy the Market,” the basket purchase includes Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Ethereum Classic (ETC), Litecoin (LTC), Zcash (ZEC) and Monero (XMR).
Circle made news earlier this year when they acquired crypto exchange Poloniex. Circle has received backing from Goldman-Sachs, a firm interested in increasing their own crypto offerings.