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RE: ICONOMI Cryptocurrency Index Fund currently has Steem as No3 CryptoCurrency Holding...
Is it possible that when investors see the holdings of the fund that also triggers more buying in certain currencies...? I mean everyone has heard of Bitcoin... but when they see what the number 2 and 3 holdings are, is it possible others piggyback on the investment and pick some up for themselves?
Just to be clear, this vehicle doesn't exist YET, it will be coming into fruition in a couple of weeks. This is what they will be needing to buy to satisfy their fund rules. They have been publishing their fake holdings for a few months to give potential investor's a flavour of how things will work.
So yes, this is possibly a chance to front run a large buyer of cryptocurrency who may move the price up, in certain markets... I doubt Bitcoin and Ethereum will be affected in the short term from this companies actions...But Steem, Maidsafe, DGD...they might...
Ok got it. How long has this information been published for? When does the fund begin trading?
The fund will begin to raise money over the coming weeks, click on the link above to see how long they have been publishing information for (since July), and more details on the funds. In fact, here it is;
https://ico.iconomi.net/about-icnx-index