Why Abra’s new ‘ETF’ cryptocurrency token is far more complicated than it sounds



abra bit10 blockchain bitcoin litecoin ethereum token index 796x448 - Why Abra’s new ‘ETF’ cryptocurrency token is far more complicated than it sounds
Coinbase isn’t the only one trying to make cryptocurrency easier to invest in. Cryptocurrency exchange and wallet provider, Abra, has launched a new investment token to help upstart investors get into the cryptocurrency game, without actually having to buy any cryptocurrency. Abra’s exclusive new token, the BIT10, helps Abra users to invest in the top 10 cryptocurrencies of the month. Importantly, when a user buys a BIT10 token they are not actually buying any cryptocurrency, but rather a kind of synthetic exposure to the cryptocurrency market. Let me explain. The BIT10 token will track the top 10 cryptocurrencies every month.…

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