❌ New Morgan Creek Fund excludes pre-mined cryptocurrencies, such as XRP

A new Morgan Creek fund gives pensions, wealthy families, endowments, and accredited investors a way to gain exposure to Bitcoin ($BTC), Ethereum ($ETH), and eight more of the largest cryptocurrencies by market value. The index fund, managed by San Francisco-based Bitwise Asset Management, excludes pre-mined cryptocurrencies such as XRP ($XRP) and Stellar Lumens ($XLM); Morgan Creek Digital partner Anthony Pompliano believes that these cryptocurrencies introduce additional risk that would not exist in more decentralized networks. Other requirements included custody qualifications, trade concentration limits, and the technical ability to be secured offline in what is called cold storage.