HAYVN launches cryptocurrency index fund

Digital currency platform HAYVN is launching an index fund that tracks the top 20 cryptocurrency coins by market capitalisation.

The company said that its HAVYN 20 Cryptocurrency Index fund, based in the Cayman Islands, will offer customers a “diversified and regulated strategy to invest in cryptocurrencies”.

The fund, which has daily liquidity and rebalances monthly, limits the exposure to any one digital asset by 10 per cent, which HAYVN claims manages risk and prevents exposure to one asset.

Commenting on the news Christopher Flinos, chief executive of HAYVN, said: “With HAYVN 20 we are providing investors with a diversified, low-cost, and regulated solution to invest in one of the biggest investment trends since the inception of the internet.”

He added: “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.”

HAYVN was one of the companies which considered making a bid to acquire collapsed cryptocurrency exchange FTX.

    Share Story: