Following a tumultuous year in the crypto industry with dramatically falling asset prices, one company has called the bottom of the market.
Digital asset-focused financial institution HAYVN is launching its HAYVN 20 Cryptocurrency Index Fund.
HAYVN CEO Christopher Flinos said, “We believe that risk is fully priced into current market conditions, and we want our customers to be able to participate in what we expect will be a positive long-term trend”.
The Cayman-based fund will track the top 20 cryptocurrency coins by market capitalisation, limiting the maximum exposure to any one digital asset to 10%.
The company said the risk management feature would prevent outsized exposure to any one asset, such as Bitcoin and Ethereum, and create a more balanced portfolio of the 20 largest cryptocurrencies.
The fund is also subject to monthly rebalancing which aims to increase investments in emerging digital assets as their market capitalisation grows, while reducing exposure to cryptocurrencies that are declining in value.
HAYVN said the fund has daily liquidity allowing investors to change their allocation anytime.
HAYVN is regulated by the Cayman Islands Monetary Authority and currently one of 18 Cayman virtual asset service provider licence holders through its Cayman company AC Holding Ltd.
The company, which provides cryptocurrency trading, payments, custody, asset management, and research products and services to high net worth individuals, businesses and institutions, is based in Switzerland and the United Arab Emirates.
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