coinmarketcap shows a little bit incorrectly the stats for NXT assets, I will try to contact them to have it fixed
The coins are at the Coinoindex.com website
10000000 total supply is just a feature of NXT assets
you issue it all at once
as for the different funds - yes, it's a viable idea
but here the idea was to do some kind of Dow-Jones
that is select top capitalization coins.
I'm sure soon we'll see more of this, mutual funds investing in crypto are on the way
Here is the basic question though.
The value of all the INDEX that exist is, very roughly, 300 btc?
What is the current value of the underlying coins held in the fund?
From the website "Current Value: 1049.61" so would the underlying coins be worth roughly 1.04961 x 300 btc?
Or 1.04961 x 338 INDEX (the supply)?
Or does 1 INDEX now have an actual value of 1.04961 btc?
In other words is the market cap of INDEX (roughly 300 btc) reflecting approximately the value of coins actually held?
Are 300 btc or so in coins being held to support the value?
The idea will be very popular once crypto becomes more mainstream but most people now in crypto prefer to make their own portfolios. For that reason it seems like right now INDEX might be somewhat undervalued, and once the next surge in crypto happens your fund will be a little overbought, overvalued.
---
Several days ago somebody bought a substantial amount of INDEX, buying it up to 9.0 I believe. Could you speculate on a reason for that?