CRYPTO20 – Crypto Index Fund

CRYPTO20 is a tokenized crypto index fund.  Its  token trades listed as C20.

The ethereum based, ERC20 compliant smart contract allows for liquidation process.  Holders can redeem tokens for the Ether equivalent of the calculated NAV of the crypto assets held by the fund, less an 1% trading fee.

The Fund is ‘a hybrid portfolio trading with an index strategy that tracks the top 20 cryptocurrencies by market  capitalization. A maximum component weighting of 10% is utilized to prevent a single asset (and thus single source of risk) from dominating the portfolio. Rebalancing is performed weekly‘.

Marketcap or market-share debate aside, cap-ceiling at 10% may cause clearly distinct behaviour from what would be a no-cap portfolio distribution.