Circle Invest Fires Away Crypto “Collections” Joining the Growing Market Contest

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Fri, 10/05/2018 - 13:43
Yuri Molchan
Circle Invest launches new collections of crypto index funds
Circle Invest Fires Away Crypto “Collections” Joining the Growing Market Contest
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One of the Circle’s top managers states in the company online journal that the new investment option released in May this year was so popular with customers that now the company is launching another offer.

Coin collections are launched

Circle is launching three collections that include the index of coins differentiated by their major principle: Privacy, Payments and Platforms. The company has chosen tokens for each collection.

If investors are keen on assets that are focused on improving the global payment system, such as BTC, LTC and other ones designed to improve the current payment systems, the Payment collection is right for them.

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In a similar way, the Privacy and Platforms collections also include their own coins. All in all, Circle allows investors to buy 11 coins and the collections ultimately consist of them.

Investors can buy the crypto collections on Circle’s apps available on iOS and Android.

Crypto Index Funds becoming popular

Recently, large crypto exchanges and wallets have been launching crypto index funds for their customers, greatly succeeding in it and building up a severe competition in this area. These index funds assume low fees that adds to their popularity, too.

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Coinbase released its own version of such funds for customers in late September calling them “bundles”. Each of these bundles consists of five coins traded on the exchange (BTC, BCH, ETH, LTC and ETC). The minimum deposit for these funds is just $25.

Smaller investment companies offer similar crypto funds for smaller-scale customers, with even lower fees and lower minimum sum on the investor account.

Among other prominent crypto, ETF is the one offered by Bitwise. It is called Bitwise10 (since it consists of top 10 coins) and it has been approved by the SEC.

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, can be contacted at yuri.molchan@u.today.