We just announced the launch of a new Abra crypto index token. One product that gives global retail investors access to 80% of the cryptocurrency market. Minimum investment is only $5!!
How does it work?
Abra's BIT10 token was created via a partnership with Bitwise who supplies the pricing and rebalancing rules. The BIT10 uses the same synthetic asset model as all of the other assets in Abra and is 100% collateralized in Bitcoin.
Feel free to ask any questions here and we'll do our best to answer. Thanks!
How safe are we in buying this index token? Under what conditions can the pricing and rebalancing rules change? What would happen if Abra collapsed? At what intervals does the price ticker update? If the ETF is approved, how will this affect BIT10?
The investment is always 100% collateralized. The rebalancing is based on bitwise's rules which are 100% public and on their web site.
This is not an ETF and the approval of an ETF would have no impact on this product.