Changing The Landscape of Cryptocurrency Investments: Review of the HB10 Subscription
On 1 June 2018 , Huobi Pro opened subscription to the HB10 Program which closely follows the Huobi 10 Index tracker. The launch was quickly subscribed, raking up investments of over $10m in the first few hours alone, and it was subscribed completely in around 3 days, making it a huge success!
To invest in HB10, users of Huobi could by into the subscription using either USDT, BTC, ETH or HT. Huobi had designed a separate section in their website for the subscription and using your balance on Huobi, you could easily subscribe to the launch from anywhere in the world.
Now that the subscription is closed, it will be available for trading in the next few days. Being the first professionally managed Cryptocurrency based ETF’s, HB10’s launch is expected to be attractive to both large institutional players who have been waiting in the sidelines, as well as retail investors who want to invest a portion of their money in cryptocurrencies but do not have the time to invest in each project separately.
A Product for the Future
ETF’s like this is what smart investors have been waiting for! Now you can easily buy a portion in the top rated cryptocurrencies by just investing in the HB10 asset. Moreover, you can trust Huobi’s impeccable security , experience and knowledge in the blockchain technology.
The launch marks a new era in Cryptocurrency investing: Progressing from trading coins individually to trading funds backed by a diversified selection of coins.
I expect HB10 to become one of the top, if not the top crypto based assets in the coming months, and several exchanges will start their own assets. Of course, Huobi’s lead and vision gives them a headstart over other similar products that will be launched in the future.
Investor can now invest in a global digital ETF fund from the comfort of his home, instead of rushing through complicated processes that are required for regular stock ETFs. Not only does HB10 make cryptocurrency more appealing to traditional investors, it does this by making investing a breeze. Based on the success of the HB10, traditional fund managers will now be keen on recommending crypto related assets to their clients. We may even see small and mid cap crypto ETF’s coming up in the next few years, and if these are managed well by experts, they have the potential to outperform traditional stock ETF’s in a big way!
Once again, it shows the vision behind Huobi’s approach to be the first on the scene, pretty much the same way how Huobi were one of the first large exchanges to arrive on the scene in 2013! Huobi truly leads the way in cryptocurrency investing.
More Information:
You can visit Huobi’s website at www.huobi.pro
The HB10 will be available for trading with USDT in the next few days.
