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Making it easier to invest in cryptocurrency
- pdog 9y agoA 2-3% annual management fee is egregious for a market capitalization-weighted fund that only holds digital currencies. For comparison, there's a gold trust that only charges a 0.25% expense ratio and actually holds physical gold in vaults around the world[1]. Fortunately, competition will inevitably drive down the fees for digital currency index funds. P.S. These are the top ten cryptocurrencies and their corresponding weights, as of Oct 2017, according to the benchmark "HOLD 10" index[2]: 1. Bitcoin: 54.5% 2. Ethereum: 20.4% 3. Ripple: 6.9% 4. Bitcoin Cash: 5.9% 5. Zcash: 2.8% 6. Litecoin: 2.6% 7. Dash: 2.6% 8. NEO: 2.1% 9. Monero: 1.2% 10. Ethereum Classic: 1.1% [1]: https://www.ishares.com/us/products/239561/ishares-gold-trust-fund https://www.ishares.com/us/products/239561/ishares-gold-trus... [2]: https://www.bitwiseinvestments.com/index https://www.bitwiseinvestments.com/index