Arkenstone Capital Launches the Arkenstone DeFi Index Fund (ADIF) on TokenSets
LOS ANGELES, April 2, 2021 — Arkenstone Capital (“Ark” or “Arkenstone”), a Los Angeles-based crypto fund focused solely on digital asset investing in decentralized finance applications, is pleased to announce the launch of its new actively managed crypto exchange-traded fund (cETF), the Arkenstone DeFi Index Fund (ADIF) on TokenSets, effective Tuesday, April 2, 2021.
ADIF employs an indexing investment approach designed to track the performance of the largest weighted percentage possible for the Decentralized Finance cryptocurrency market or DeFi market, a calculation similar to the widely recognized benchmark of U.S. stock market performance, the S&P 500. The Fund attempts to replicate the target DeFi market by investing all, or substantially all, of its assets in the token that makes up the DeFi market, holding each token in approximately the same proportion as its weighting in the DeFi market.
The Arkenstone DeFi Index Fund (ADIF) enables non-technical investors to access the same returns as highly technical crypto insiders.
The Fund has a collection of criteria composed of four dimensions. Two dimensions are used to evaluate the token’s characteristics, one dimension is used to assess the project’s characteristics, and one is used to evaluate the protocol’s characteristics. The inclusion criteria are the basis to select what tokens will be included in the index.
Arkenstone believes that decentralized finance applications have a bright future in the next five to ten years. A winning strategy for founders is to create products that make these new products more accessible to a wider base of individuals.
Found here on TokenSets: