HAVYN launches HAYVN 20 Cryptocurrency Index fund as Bitcoin takes off again

Rick Steves

“With HAYVN 20 we are providing investors with a diversified, low-cost, and regulated solution to invest in one of the biggest investment trends since the inception of the internet. We believe that risk is fully priced into current market conditions, and we want our customers to be able to participate in what we expect will be a positive long-term trend”.

HAYVN has launched its HAYVN 20 Cryptocurrency Index fund that intends to offer clients a diversified, low-cost, and regulated strategy to invest in an index representing the top 20 cryptocurrency coins by market capitalisation.

The launch comes as the cryptocurrency market has been making consistent upward moves in the last few days, with Bitcoin regaining the $20,000 handle, and up by 20% in the last seven days.

Fund has daily liquidity, monthly rebalancing, and 10% of max exposure

Regulated by the ADGM, BVI, AUSTRAC, and the CIMA, HAYVN is an institutional-focused cryptocurrency player, serving HNW individuals, small and middle-market businesses, corporations, and institutions, with a full range of cryptocurrency trading, payments, custody, asset management, and research products and services.

The HAYVN 20 fund has three important features:

  • The fund limits the maximum exposure to any one digital asset at 10%. This risk management feature prevents outsized exposure to any one asset (such as Bitcoin and Ethereum) and creates a more balanced portfolio of the 20 largest cryptocurrencies.
  • A second defining feature of the fund is monthly rebalancing. This allows HAYVN 20 to capture new trends in the market by increasing its investment in the emerging winners as their market capitalization grows, while reducing exposure to cryptocurrencies which are declining in value.
  • Finally, the fund has daily liquidity which gives investors the freedom to change their allocation anytime.

Christopher Flinos, Chief Executive Officer at HAVYN, said: “With HAYVN 20 we are providing investors with a diversified, low-cost, and regulated solution to invest in one of the biggest investment trends since the inception of the internet. We believe that risk is fully priced into current market conditions, and we want our customers to be able to participate in what we expect will be a positive long-term trend”.

HAVYN didn’t secure Hong Kong and Switzerland licenses as planned

ADGM has granted regulatory approval to Havyn over a year ago to. The digital asset trading platform launched to facilitate investment deals and provide custody for crypto assets.

The over-the-counter (OTC) trading and custody platform is now regulated by ADGM, BVI, AUSTRAC, and the CIMA, but HAVYN had plans to secure licenses throughout Asia and Europe via the SFC (Hong Kong) and FINMA (Switzerland) by Q1 2022. These goals haven’t been realized.

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