Even for the most financially smart folks, getting started with cryptocurrencies may be a complex undertaking, especially in recent reports of people losing millions of dollars to fraudulent ventures. Another problem with cryptocurrency investing is picking which projects to invest in, especially with over 10,000 cryptocurrencies accessible on the market. This difficulty can be fixed by investing in a crypto index fund, which works similarly to an exchange-traded fund (ETF) like the S&P 500. According to Morningstar Inc. data, the ETF industry’s asset value reached $9 trillion in August 2021. These numbers will rise as more investors enter the market, and market participants who don’t have the time to manage their portfolios or keep up with rapidly changing market circumstances will continue to favour ETFs. According to Coingecko, the crypto sector is currently a $1.98 trillion market, with just 231 million dollars of assets under various crypto indexes. A crypto index fund essentially assists you in investing in a basket of top cryptocurrencies while removing the burden of filtering and managing an ever-growing basket of cryptocurrencies. A crypto index fund also helps you diversify your money among a large number of assets, lowering your concentration risk. Index Coop is the first community-led decentralized organization to enable the creation and adoption of crypto indexes. Index Coop has various products, they provide easy...
