Abra to launch token tied to crypto index fund

The BIT10 is a new token that tracks the Bitwise 10, a professionally-managed crypto index of the 10 of the largest cryptoassets by market cap. Abra is a cryptocurrency wallet provider and exchange. The BIT10 token is listed exclusively on Abra and will require a minimum investment of $5. Bitwise is a cryptoasset management firm that creates a variety of crypto index funds aimed at accredited investors.  (Source: PR Newswire)

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Steven Zheng is a researcher for The Block. He joined The Block in August 2018. Steven graduated from St. John’s University with a degree in economics. Previously, he covered blockchain and crypto at Radicle, a startup analytics firm. He also had brief stints at Cheddar, a media startup, and Bowery Capital, a venture capital firm. He owns bitcoin. Follow Steven on Twitter at: @Dogetoshi

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