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Alternative Market Briefing

Stack launches institutional-grade bitcoin index fund in Asia

Wednesday, January 29, 2020

Laxman Pai, Opalesque Asia:

Singapore-based digital asset platform has launched an institutional-grade bitcoin index fund in response to investor demand for controlled exposure to the high-yield potential of bitcoin globally.

The Asian provider of cryptocurrency trackers and index funds said that the single-asset index fund expects to capture $750 million assets under management within 2020, and to surpass $2 billion in 2021, tapping into the unmet demand for traditional investment vehicles in Asia's digital asset space.

Stack's list of partners includes financial services providers, BitGo, Silvergate Bank, and Coin Metrics for the custodian, banking, and index solutions, respectively.

Matthew Dibb, co-founder and chief operations officer at the platform, revealed that the new product has been launched in response to "a dramatic increase in the number of investors seeking to diversify their portfolios using bitcoin."

"Bitcoin is one of the best-performing assets in history-with 19x returns since 2014-and is uncorrelated with traditional markets, making it an attractive prospective investment for both individuals and institutions," he added. "In Asia, however, there are virtually no risk-adjusted investment portals for the bitcoin market, leaving investors in Asia with no opportunity to access these incredible potential returns."

The launch of Stack comes as the number of long positions being taken within the bitcoin market and demand from inst......................

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