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#AngelList #navalravikant #cryptocurrency #S&P #Fund **AngelList Creator Naval Ravikant Backs S&P-Style Cryptocurrency Fund**
AngelList co-founder Naval Ravikant is backing a new cryptocurrency fund that aims to track the performance of the broader digital asset market.
The fund, called the S&P Bitcoin Index Fund, is being launched by S&P Dow Jones Indices and will be based on the S&P Bitcoin Index. The index tracks the performance of the largest cryptocurrencies by market capitalization, and is designed to provide a benchmark for investors interested in the cryptocurrency market.
Ravikant is a well-known investor and entrepreneur who has been involved in the cryptocurrency space for several years. He is a co-founder of AngelList, a platform that connects startups with investors. He is also the founder of Compound Labs, a decentralized finance protocol.
Ravikant believes that the cryptocurrency market is still in its early stages, and that there is significant potential for growth. He sees the S&P Bitcoin Index Fund as a way to provide investors with a way to gain exposure to the cryptocurrency market without having to pick individual coins.
"The S&P Bitcoin Index Fund is a great way for investors to get exposure to the cryptocurrency market in a diversified and risk-managed way," said Ravikant. "The fund is based on the S&P Bitcoin Index, which is a transparent and objective measure of the performance of the largest cryptocurrencies by market capitalization. This makes it a great option for investors who are looking for a way to track the overall performance of the cryptocurrency market."
The S&P Bitcoin Index Fund is expected to launch in the first quarter of 2023.
**Hashtags:**
* #AngelList
* #navalravikant
* #cryptocurrency
* #S&P
* #Fund
AngelList co-founder Naval Ravikant is backing a new cryptocurrency fund that aims to track the performance of the broader digital asset market.
The fund, called the S&P Bitcoin Index Fund, is being launched by S&P Dow Jones Indices and will be based on the S&P Bitcoin Index. The index tracks the performance of the largest cryptocurrencies by market capitalization, and is designed to provide a benchmark for investors interested in the cryptocurrency market.
Ravikant is a well-known investor and entrepreneur who has been involved in the cryptocurrency space for several years. He is a co-founder of AngelList, a platform that connects startups with investors. He is also the founder of Compound Labs, a decentralized finance protocol.
Ravikant believes that the cryptocurrency market is still in its early stages, and that there is significant potential for growth. He sees the S&P Bitcoin Index Fund as a way to provide investors with a way to gain exposure to the cryptocurrency market without having to pick individual coins.
"The S&P Bitcoin Index Fund is a great way for investors to get exposure to the cryptocurrency market in a diversified and risk-managed way," said Ravikant. "The fund is based on the S&P Bitcoin Index, which is a transparent and objective measure of the performance of the largest cryptocurrencies by market capitalization. This makes it a great option for investors who are looking for a way to track the overall performance of the cryptocurrency market."
The S&P Bitcoin Index Fund is expected to launch in the first quarter of 2023.
**Hashtags:**
* #AngelList
* #navalravikant
* #cryptocurrency
* #S&P
* #Fund
