Atriark a digital management company has revamped the platform to form the Digital Asset Index Fund. The updated cryptocurrency asset fund is best in class and is integrated with Advanced suite of the cryptocurrency investment offerings, although the asset management company possess the HOLD 10 Index Fund.
Furthermore, the company aims to launch the Exchange traded fund for the cryptocurrency in near future. Though, the HOLD 10 Index Fund aims to the institutional investors who want an open path to enter the digital asset market. As per the website, the Digital Asset Index Fund will be the largest investing digital asset and provides approximately the 69% coverage of the digital asset market capitalisation. The index will calculate the majority of the portfolio on bitcoin along the ether the second largest allocation.
In Atriark’s words “The Index Fund records the Atriark’s Digital Asset Index which is supervised by the advisory committee. This committee comprises of members who are experts on their relative field and work majorly behind the Atriark platform and its asset allocation and the company’s comprehensive, rules based on the digital asset index methodology.”
One and the most experienced fund advisor has worked for the Atriark since the firm was introduced in the capital market. Cause the crypto-focused venture capital firm was acquired by the investment house Q1. Additionally, the other important members of the company also sit on the committee which is assembled for the management of the fund and its overall direction.
For example, The Digital Asset Index Fund readjust the monthly crypto and carries some portion of several other cryptocurrencies. Except, Bitcoin and Ether, the funds will include the other cryptos like Bitcoin cash, Ethereum classic, Litecoin, zcash, dash, monero. The funds are also saved so that the security audit can be conducted on annual basis.
Particularly, because of the fund selection process, there are coins which are left out like Ripple XRP. Moreover, the fund’s rationale was explained in Forbes article, where the chief editors mentioned that they will remove a central party which own 30% or more than that as it may attract more risk as it was more on the side of the decentralised network.
XRP, IOTA and Cardano were excluded from the index for not meeting the requirement of the Atriark’s cold-storage custody. Even after eliminating those additions, the firm is confident enough that it can bring the finest investors to attract the assets.
The integration of digital asset index fund has upgraded the platform but the company will continue its journey of evolution to bring the new secured environment for the investors. In this way not only the company develop but also the investors and the market. To solve so many anxieties of an investor such as fund security, technological learning curves and asset management, Atriark implemented the custody service and DAIF.