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Investors pay a. Batnick declined to share details about how the revenue was split. Some clients of the advisory firm were already invested in crypto or wanted to invest in it. Batnick said the wealth manager sent a letter to clients notifying them that the firm created the index but it is not actively advertising it to clients.
Since both companies were invested in Onramp, partnering on the index was an obvious choice. Building crypto sleeves with the index is not just a placeholder solution for investors until the Securities and Exchange Commission approves a crypto ETF, Schwartz and others said. It is easier to invest in a fund it might already be available on a platform that a wealth manager uses.
But if an ETF is approved, the exposure might not be what investors are really seeking. For example, many ETFs seeking regulatory approval only track the spot price of bitcoin. The expectation is that the need to appease clients, and the return potential of cryptoassets, will be enough to convince wealth managers to establish a relationship with another custodian and learn a new trading platform.
Ervin is also the founder and CEO of Blockforce Capital, a blockchain and cryptocurrency industry investment firm formerly called Reality Shares. Onramp expects the index will be available to other RIAs and individual investors in the first quarter of Like New York-based Ritholtz Wealth Management, Batnick said other RIAs will need or want the solution the index and Onramp are able to provide, and it was eager to help other advisors and investors. Other platforms are emerging to help advisors invest in crypto.
In September, Flourish, a technology company best known for its cash management solution, launched Flourish Crypto , a platform where RIAs can custody, trade, and directly manage cryptocurrencies on behalf of clients. Last year, Two Ocean Trust became a qualified custodian allowed to service traditional and crypto assets.
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Cryptoindex is an index of the top coins that continuously rebalances itself as the cryptocurrency market ebbs and flows. Index amount now. Index All. The Galaxy Crypto Index Fund offers diversified, dynamic, institutionally-wrapped exposure to digital asssets. Total Bitcoin supply cap: 21 million. As the price of Bitcoin soared since first being introduced, investors have sought ways to get a piece of the cryptocurrency action.