As we wait for markets to start allowing crypto investments Huobi has gone ahead and made its own. It is a mix of the top ten coins and a way for people new to the market to invest them. I think it is a cool idea and will hopefully lead to more people investing in crypto. It is less stressful than having to pick out coins and you have to do less research when you pick at ETF.
I still want to see wall street involved though and banks. We need to get to the point were people can walk into a bank or their investors office and say get me crypto. A lot of investors are not well versed in tech and being able to buy it as you would a stock would go a long way for the market. I think we will get there but it is those tech barriers being lowered that will help push the market a lot.
But this is still cool, so go Huobi. Check out the link here:
https://news.bitcoin.com/huobi-creates-its-own-cryptocurrency-exchange-traded-fund-etf/
