Why invest in a Luno Large Cap Bundle
With any disruptive new technology, it can be hard to figure out what is a good or bad investment. Crypto is no different. With more than 10,000 crypto projects in operation today, the vast array of exciting applications and ideas can be hard to keep up with, making it hard to know which to invest in next.
The Luno Large Cap Bundle aims to take the stress out of long-term crypto investing. In one simple purchase, you own a selection of the biggest cryptocurrencies that we regularly update on your behalf to track an index called the CoinDesk Large-Cap Select Index (DLCS).
The DCLS is designed to measure the market capitalisation weighted performance of some of the largest and most liquid digital assets. The index, like your bundle, also updates every three months. It aims to always cover at least 70% of the crypto market by total value. This means investors can hope to see returns representative of an investment in the overall crypto market.
It does all of this while excluding certain coins that do not meet their eligibility criteria, and all coins must meet certain trading and custody requirements. This ensures they are built with a specific and necessary use case – so you can be confident your bundle will never include any memecoins.