3iQ Research Group consolidates the top five cryptoasset stories of interest
to investment advisors and our investors.


Coinbase Launches DOW-like Cryptocurrency Index 

March 6, 2018 – Coinbase, one of the world’s largest cryptocurrency exchanges, is releasing a weighted index fund for cryptocurrencies. The Coinbase Index Fund will track bitcoin, bitcoin cash, litecoin, and ethereum. The cryptocurrencies will be weighted based on their market capitalization, making the index similar to the Dow Jones Industrial Average.

The Coinbase Index Fund will be available for purchase by US accredited investors only. In Canada, the OSC and CSA have already approved Canada’s first multi-crypto fund, 3iQ’s Global Cryptoasset Fund, which gives Canadian accredited investors exposure to bitcoin, ether, and litecoin.

Read the full article here.

Ethereum’s history and technology are analyzed in:

Ethereum Profile

by 3iQ Research Group

Data as at February 18, 2018. Retrieved from: bitinfocharts.com 

JP Morgan: Bitcoin ETFs are the “Holy Grail for Owners and Investors”

March 11, 2018 – Last month, a report called “Decrypting Cryptocurrencies: Technology, Applications and Challenges,” JP Morgan had been informing its clients of the benefits Bitcoin ETFs could bring. The bank underlined the following:

Easier access: “Investors need wallets to trade the physical bitcoins today, making it hard to access. ETFs are frequently traded and highly accessible via investors’ brokerage accounts.”

Liquid market: “ETFs are actively traded and highly transparent.”

High integrity: “ETFs are traded through brokerage accounts that carry with them insurance via SIPC. Bitcoin exchanges have no such insurance and expose holders to potential fraud and theft.”

The report demonstrates the banks evolving understanding of the cryptocurrency market. JP Morgan said the introduction of Bitcoin ETFs could have as much financial market impact as the first gold-linked ETF. Despite JP Morgan’s friendly stance towards Bitcoin ETFs, the idea is still receiving pushback from US regulators, as many as 10 Bitcoin linked ETFs are still awaiting approval.

Read the full article here.

The World’s Wealthiest are Loading Cryptocurrencies

March 7, 2018 – According to an annual survey of wealth advisors and private bankers, high-net worth individuals significantly increased their investments in cryptocurrencies last year. The survey was conducted by Knight Frank in their 2018 Wealth Report, which received responses from over 500 wealth advisors and private bankers, who manage a total of $3 trillion in assets from approximately 50,000 clients around the world.

The report gives a geographical breakdown of which regions had the largest increases in cryptocurrency exposure among their high-net worth individuals. North America had an increase of 20%, while some regions like Latin America had a staggering 33% increase in exposure.

Read the full article here.

Bitfarms to Invest $193 Million in Quebec Crypto Mining

March 8, 2018 – Bitfarms plans to quadruple its computing power and workforce in Quebec, with new computing facilities located in Sherbrooke. The $193 million USD investment will allow the company to increase its Quebec workforce from 80 to 330, the company states.

The Sherbrooke facilities will complement Bitfarms current operations in five other Canadian towns. The company has entered into six hydropower purchasing agreements with Hydro-Sherbrooke, totaling 98 megawatts.

Read the full article here.

Infographic: 25 of the Most Notable Cryptocurrencies

March 7, 2018 – Bitcoin’s surge throughout 2017 brought forth a ton of media attention, taking the cryptocurrency to the mainstream market. Simultaneously, the entire cryptocurrency sector came along for a ride too. There are now over 20 cryptocurrencies that have at least $1 billion USD in market cap.

Early last year, bitcoin was about 80% of the total market capitalization of the cryptocurrency sector. With other cryptocurrencies such as ethereum and litecoin gaining traction, bitcoin’s total share of the market is now about 42%. An infographic by Visual Capitalist summarizes the top 25 most notable cryptocurrencies, using 30-day trade volume and market capitalization as a guide for comparison.

View the infographic here.


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