Two cryptocurrency Kristals launched by Kristal.ai, an AI-powered Digital Asset Management Platform, enable Indian investors to invest in cryptocurrency, namely Bitcoin (Bitcoin), and Ethereum (ETH/USD), without actually holding them. Investing through Kristals is 10-20% cheaper as compared to other options available in India, BW Disrupt reported.
The ALTERNATE PERMANENT VALUE Kristal is a basket comprising a mix of Exchange traded Bitcoin Price Trackers 9, and Gold ETFs. The Bitcoin tracker is currently traded on the Stockholm Stock Exchange. Its original denomination is in SEK/ EUR. Initially, the allocation of the Kristal will be 70% Bitcoin Tracker One, and 30% Gold. Later on, the allocation will be rebalanced as per a set algorithm.
The CRYPTO Kristal is a basket comprising a mix of Exchange traded BitCoin Price Trackers, and Exchange traded Ethereum Price Trackers. The Bitcoin tracker and Ethereum tracker are currently traded on the Stockholm Stock Exchange. Its original denomination is in SEK. Initially, the allocation of the Kristal will be 50% Bitcoin Tracker One, and 50% Ethereum Tracker One. Later on, the allocation will be rebalanced as per a set algorithm.
“It is important to realize that Bitcoin signifies an emerging trend of cryptocurrencies; and just like any trend, it can go through many volatile cycles. Hence it’s important to decide on a theme on why one wants to invest in it. So going about it systematically and thinking of it as alternative investment just like gold or maybe even real estate is important. It’s always good to have an alternate currency in your portfolio, with the right objective, and not only speculation”, said Asheesh Chanda, Founder, Kristal.ai.
The two Kristals are currently available on the platform for investors to choose from. Kristal.ai is currently operational in India, Hong Kong, and Singapore.