Morgan Creek Digital, a digital asset management firm backed by multi-billion dollar investment adviser Morgan Creek Capital Management, has announced the launch of The Digital Asset Index Fund.

The aim is to provide endowments, foundations, pensions, wealthy families, and sovereign wealth funds access to broad-based digital asset exposure. The fund is a partnership with Bitwise Asset Management, a provider of cryptocurrency indexes and index funds, which will manage the manager fund.

“Every investor should be considering an allocation to digital assets right now,” says Mark Yusko (pictured), CIO at Morgan Creek. “Increasingly, institutional investors are coming to us asking for exposure to the space.

“We wanted to create a vehicle tailored for those investors. Bitwise was the ideal partner to do this with because of their institutional approach, experienced team, and track record of success.”

Bitwise CEO Hunter Horsley adds: “We’re thrilled to partner with visionaries like Mark, Anthony, and the rest of the Morgan Creek Digital team to bring this new fund to market. They’re thought leaders, experts in asset allocation, and have spent over a decade earning the trust of their clients and institutional investors.”

The Digital Asset Index Fund combines Bitwise’s quantitative index rules and professional fund management with the ongoing oversight of an index committee including Mark Yusko, Morgan Creek CIO and former UNC Endowment CIO, as well as Anthony Pompliano, Partner at Morgan Creek Digital, and Bitwise Global Head of Research Matt Hougan.

The fund holds a market-cap-weighted basket of the top 10 largest digital assets, reconstituted monthly. Assets must pass rigorous, rules-based eligibility requirements including custody qualifications, trade concentration limits and pre-mine restrictions to qualify for inclusion. All assets are kept in 100% cold storage and are audited annually.

“Institutional investors are seeing the market pullback as an opportunity start building exposure to the space, and have been pushing us to get this fund to market quickly,” says Morgan Creek Digital Partner Anthony Pompliano.

“We’re excited to have The Digital Asset Index Fund up and running, creating a one-stop shop for institutional investors intent on securely capturing the significant value creation taking place in the crypto market today.”

Disclaimer: The views and opinions expressed by the author should not be considered as financial advice. We do not give advice on financial products.