U.Today Franchise

Abra Releasing Token Backed by Investment Fund

Put your
crypto to
work
  • 0.00

    Interest per week

  • 0.00

    Interest per year

  • 0.0

    Interest rate

Join Now!
Sponsored by Celsius.Network
  • Yuri Molchan
    📰 News

    Abra is to release a new Bit10 token, short for Bitwise 10 Crypto Index Token. It was created by Bitwise Asset Management fund and is tied to the top 10 coins

/sites/default/files/styles/816x510/public/node-14041.jpg?itok=9khya2q7
Cover image via u.today

Abra is to release a new Bit10 token, short for Bitwise 10 Crypto Index Token. It was created by Bitwise Asset Management fund and is tied to the top 10 coins on the market cap list. When investors buy this new token made on BTC-basis they will invest in the top 10 coins at once.

Currently, the Bitwise fund has the following coins in its portfolio: BTC, ETH, EOS, XMR and several other top assets, including Zcash. The purchase of new coins can be made with assets that Abra wallet supports: BTC, BCH, LTC or fiat money.

The creators’ team emphasizes the fact that Bit10 is not an ETF (exchange-traded fund), it has just a similar feature of exposing investors to a wider choice of assets.

Subscribe to U.Today on Twitter and get involved in all top daily crypto news, stories and price predictions!

About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

Recommended articles
CLOUD MININGPromoted