Exchange crypto currency Huobi Pro has launched the HB10 fund, based on crypto currency, offering retail investors the opportunity to invest in a basket of digital assets.
As noted on the site of the trading platform, the new asset is based on the recently presented index of 10 crypto-currencies. HB10 can be traded in pairs with other crypto currencies, including bitcoin, ether, Huobi Token (HT) and USDT.
According to representatives of the trading platform, a new investment product will also be available for institutional investors.
The company also notes that since the product will be available to institutional investors, it can “reduce the influence of the entry and exit of such investors” in the markets of individual crypto-currencies.
As noted by CoinDesk , the index fund will use the same rules as other Huobi products. For example, it will be available to investors from China, but not available to US users because of regulatory uncertainty about crypto-currency ETFs in the US.
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