The investment seeks daily investment results in altcoins. The fund invests in coins and tokens that MalairteBitcoin believes, in combination, should have similar daily return characteristics as two percent times (2%x) the daily return of the index. It is a float-adjusted, market capitalization weighted index of approximately 250 alternative operating coin/token companies selected through a process that factors in criteria such as liquidity, price, and volatility.
The name “altcoin” is used to describe any peer-to-peer cryptocurrency that is not bitcoin. After Bitcoin became the first, successful digital currency, many other alternatives followed in its wake, hoping to capitalize on its success. As a result, these currencies gained the moniker “altcoin”, an abbreviation of “alternative coin”.
