Skip to content
Herald Sheets

Herald Sheets

Live Cryptocurrency News

Follow Herald Sheets on Twitter, Facebook, Telegram, Please Read Our Disclaimer

  • Homepage
  • Start Trading
  • Guide
  • Crypto News
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Ripple (XRP)
    • Dogecoin (DOGE)
    • Cardano (ADA)
    • Litecoin (LTC)
  • Analysis
  • Blockchain
  • Mining
  • Reviews
    • Brokers
    • Exchanges
  • Regulation
  • Press Release
  • About Us
    • Contact Us
    • Privacy Policy
    • Submit Press Release
  • Disclaimer
  • Cryptocurrency
  • News
  • Ripple (XRP)

Why XRP and Stellar (XLM) are Not Included in Morgan Creek’s Digital Asset Fund Explained

Solomon Odunayo April 11, 2020 2 min read
Stellar Winning Battle of Blockchain Payments Networks against Ripple with XLM’s Vast Uptrend

The founder of Morgan Creek Capital Management, Mark Yusko, has explained why XRP is not included in the Morgan Creek’s Digital Fund, during a conversation with Thinking Crypto.


trade now

In the interview, Mark Yusko mentioned that their digital asset index fund excludes Ripple’s digital token XRP and Stellar (XLM) because these two assets are closely held.

He said, “We exclude anything that is too closely held. So, we don’t own Stellar, we don’t own XRP.”

He furthered that his hedge fund holds neither Stellar nor XRP because of the influence of the companies he termed as centralized, holding a larger portion of the digital assets.

Mark Yusko stressed further that XRP and Stellar Lumens (XLM) are not freely tradable as Bitcoin (BTC) or Ethereum (ETH).

However, Yusko is still sure that Morgan Creek would subsequently add XRP once Ripple changes the distribution model of the digital token.

He said, “I still struggle with the XRP/Ripple structure, or how cash flows are created or shared, but that’s a topic for another day. Yes, there is a point at which, if they had enough distribution of XRP, it could qualify for the index.”

Meanwhile, Ripple’s digital token XRP and Stellar (XLM) have often been criticized due to a presumed centralization governing the digital assets. It’s also believed that the two digital tokens have the highest level of wealth inequality among the top digital currencies.

About Morgan Creek’s Digital Asset Index Fund

Mark Yusko furthered that the Digital Asset Index Fund that was launched about 2 years ago by Morgan Creek Capital in collaboration with Bitwise, is working to become the S&P 500 of the cryptocurrency industry.

He said, “The reason we set up the Digital Asset Index Fund the way we did is we want to be the S&P 500 of crypto.”

The Digital Asset Index Fund was founded to allow institutional investors to delve into cryptocurrency. Presently, the index fund offers exposure to 10 cryptocurrencies, including the largest digital currency by market capitalization, Bitcoin (BTC).

Trade Now

HeraldSheets.com produces top quality content for crypto companies. We provide brand exposure for hundreds of companies. All of our clients appreciate our services. If you have any questions you may contact us easily with Herald Sheets Facebook Messenger App. Cryptocurrencies and Digital tokens are highly volatile, conduct your own research before making any investment decisions. Some of the posts on this website are guest posts or paid posts that are not written by our authors and the views expressed in them do not reflect the views of this website. Herald Sheets is not responsible for the content, accuracy, quality, advertising, products or any other content posted on the site. Read full terms and conditions / disclaimer.

Continue Reading

Previous: Ripple’s Partner Azimo Partners with Thailand Oldest Bank to Use RippleNet for Cross-Border Payment
Next: Ethereum’s Vitalik Buterin Predicts Megatrend of Cryptography in 2020s

Related Stories

Reserve Bank Of India Officials Have Warned Of Cryptocurrency Dollarization Of Indian Economy
3 min read
  • Bitcoin (BTC)
  • Cryptocurrency
  • India
  • News
  • Regulation

Reserve Bank Of India Officials Have Warned Of Cryptocurrency Dollarization Of Indian Economy

May 28, 2022
American Agencies Issue A Warning Against the Influx Of North Korean In Cryptocurrency Jobs Online
3 min read
  • Cryptocurrency
  • News
  • Regulation
  • Scam

American Agencies Issue A Warning Against the Influx Of North Korean In Cryptocurrency Jobs Online

May 28, 2022
$240M Liquidations In 24 Hours; Why Is ETH Price Crashing?
3 min read
  • Altcoins
  • Crypto Trading
  • Cryptocurrency
  • Ethereum (ETH)
  • News
  • Price Analysis

$240M Liquidations In 24 Hours; Why Is ETH Price Crashing?

May 27, 2022

Top 10 Crypto

Name Price24H (%)
bitcoin
Bitcoin (BTC)
$29,044.00
0.78%
ethereum
Ethereum (ETH)
$1,783.77
2.32%
tether
Tether (USDT)
$1.00
0.08%
usd-coin
USD Coin (USDC)
$1.00
0.11%
binancecoin
BNB (BNB)
$307.96
1.77%
ripple
XRP (XRP)
$0.384650
-0.58%
Binance USD
Binance USD (BUSD)
$1.00
-0.11%
cardano
Cardano (ADA)
$0.464529
0.98%
dogecoin
Dogecoin (DOGE)
$0.081478
-0.65%
polkadot
Polkadot (DOT)
$9.61
3.45%

Recent Posts

  • Reserve Bank Of India Officials Have Warned Of Cryptocurrency Dollarization Of Indian Economy
  • American Agencies Issue A Warning Against the Influx Of North Korean In Cryptocurrency Jobs Online
  • $240M Liquidations In 24 Hours; Why Is ETH Price Crashing?
  • 27 May Crypto Prices: Bitcoin Explores $28K Amid Persistent Bearishness
  • Cardano (ADA) Extends Downward Following Substantial Damage – May 27 Analysis
  • Ethereum, Ripple, Cardano Price Analysis – 27 May 2022
  • Metaverse Real Estate Sells For A Record $5,000,000 inside TCG World
  • UST And LUNA Trading Volumes Soar As Terra 2.0 Airdrop Draws Closer
  • 26 May Crypto Prices: SOL, DOT, ETH, AVAX Lose Up to 5%
  • ETH Gas Fee Hits Lowest Levels Since July 2021; Ethereum On Accumulation Phase
  • CharterPrime Review – Is CharterPrime Scam or a Proper Broker?
  • Do Kwon Intends To Make Terra Classic By Forking LUNA Blockchain
  • Grayscale Is Planning On Listing Its First European Exchange Traded Fund
  • Celsius Is Planning On Taking Its Crypto Mining Business Public
  • Terra Team May Not Redeem Promised Refunds, Especially For Smallholders – Whistleblower

Categories

You may have missed

Reserve Bank Of India Officials Have Warned Of Cryptocurrency Dollarization Of Indian Economy
3 min read
  • Bitcoin (BTC)
  • Cryptocurrency
  • India
  • News
  • Regulation

Reserve Bank Of India Officials Have Warned Of Cryptocurrency Dollarization Of Indian Economy

May 28, 2022
American Agencies Issue A Warning Against the Influx Of North Korean In Cryptocurrency Jobs Online
3 min read
  • Cryptocurrency
  • News
  • Regulation
  • Scam

American Agencies Issue A Warning Against the Influx Of North Korean In Cryptocurrency Jobs Online

May 28, 2022
$240M Liquidations In 24 Hours; Why Is ETH Price Crashing?
3 min read
  • Altcoins
  • Crypto Trading
  • Cryptocurrency
  • Ethereum (ETH)
  • News
  • Price Analysis

$240M Liquidations In 24 Hours; Why Is ETH Price Crashing?

May 27, 2022
27 May Crypto Prices: Bitcoin Explores $28K Amid Persistent Bearishness
2 min read
  • Altcoins
  • Bitcoin (BTC)
  • Crypto Trading
  • Ethereum (ETH)
  • News
  • Price Analysis

27 May Crypto Prices: Bitcoin Explores $28K Amid Persistent Bearishness

May 27, 2022
Copyright © All rights reserved. | DarkNews by AF themes.
  • RelevantRelevant(REL)$0.825.35%
  • TadpoleTadpole(TAD)$7.32-1.74%
  • SEENSEEN(SEEN)$2.05-2.27%
  • EvedoEvedo(EVED)$0.082301-0.80%
  • MarginswapMarginswap(MFI)$0.184213-2.11%
  • SakeTokenSakeToken(SAKE)$0.0127135.28%
  • WTF TokenWTF Token(WTF)$0.0113500.17%
  • BNSD FinanceBNSD Finance(BNSD)$0.005461-5.83%
  • RobotinaRobotina(ROX)$0.00266138.50%
  • CageCage(C4G3)$0.005010-3.67%