Monday (27/11/2017) saw the CRYPTO20 fund perform its second successful divestment/rebalancing procedure. We have seen a period of exceptional growth with the total fund value exceeding $30m and a NAV (net asset value) of over $1.28 per token due to the appreciation of the underlying assets. The token price is currently just $1.1.

You can view the underlying distribution of assets below — the initial three (BTC/LTC/ETH) contribution cryptocurrencies were divested into the top 20 on the 21st of November. The weekly rebalance enforces the 10% component cap and mitigates risk and volatility by ensuring no single asset (and thus source of risk) dominates the fund. This functionality was released several weeks ahead of our road-map targets.