IDX Digital Assets, an asset manager, has introduced trusts for bitcoin and Ethereum to offer risk managed access to cryptocurrency, with the ability to convert to cash, according to a press release.
“The excitement around the rapid development of blockchain technologies, mixed with the realization of accommodative monetary stimulus policies, increasing geo-political tensions, and materializing concerns over inflation growth, all have investors seeking exposure to asset classes such as digital assets, Andrew Swan, co-founder and CEO of IDX, said in the release.
Specifically, investors and advisors are expressing a strong appetite for digital assets exposure, but desire a risk-managed approach that focuses on mitigating the inherent volatility and drawdowns common to the emerging asset class; this is what IDX seeks to provide.”