REBEL Crypto Index: Blockforce Capital’s Ripple, Ethereum, Bitcoin, BCH, EOS and LTC Coin Assets
REBEL Crypto Index Unveiled – A New Asset Class
Due to the fact that virtual currencies lost an important part of their value. And this situation has deterred new index and fund to launch. In 2017, there were 156 new crypto fund launches, according to cryptofundresearch. The same company projects that in 2018, the number of crypto fund launches will reach 165.
The market has seen single-asset cryptocurrency funds, which started to appear in the market since 2013, but also multiple-asset crypto funds. Investors were searching to diversify their assets and have exposure to new cryptocurrency assets.
In 2018, multi-asset crypto indices emerged. For example, we can mention Grayscale’s Digital Large Cap Fund, which was launched at the beginning of the year in February, and the Coinbase Index Fund, launched in May.
There is a new company that is going to launch a new index. Blockforce Capital (in the past Reality Shares), will be launching a multi-asset crypto product known as the REBEL Crypto Index.
The so called Reality Shares REBEL index will be tracking the performance of 6 different virtual currencies in the market. This allows investors to have a diversified cryptocurrency portfolio with the most interesting crypto proposals available.
Those cryptocurrencies that the REBEL index will track are XRP, Ethereum (ETH), Bitcoin (BTC), Bitcoin Cash (BCH), EOS, and Litecoin (LTC). Those cryptocurrencies were carefully chosen based on several factors such as liquidity, availability, volume and market capitalization.
Additionally, the index is currently weighted based on floating market capitalization. This takes into account the changing nature of the asset class.
The company thinks that the REBEL index will be performing well for general market intelligence. Additionally, they are working on different products to be launched based on the REBEL index.
Eric Ervin, President & CEO of Blockforce Capital, commented:
“An ETF based on the six largest cryptocurrencies would be a logical next step. It would likely solve a few of the SEC’s recent criticism’s around cryptocurrency ETFs. However, we don’t want to stop there.”
He then explained that their intention is to create a new type of investment class that would be called Tokenized Exchange Traded Funds. Other companies such as Coinbase, Nasdaq and the Intercontinental Exchange (ICE) are working in order to list securitized token offerings. This would allow investors to invest in a wide range of asset classes.