An index fund is an investment portfolio that tracks the performance of the broader market index, such as the S&P500. Index funds are known as passive investments due to a hands-off approach that leads to significantly reduced fees and trading frequencies.
The IX15 token represents over 75% of the digital currency market by holding the top 15 digital currencies through rebalancing. This way you don't have to worry about constructing your own portfolio - saving you precious time and money.
An equal weight index fund gives the same "weight" to each investment within the index fund. For example, in a $100,000 equal weight index fund that contains 10 coins, each coin will be worth $10,000.
IX15 is an equal weight index fund, where each IX15 investment represents an equal dollar amount of the top 15 digital currencies.