https://www.coindesk.com/crypto-wallet-abra-launches-fund-backed-token-product-for-investors/
We just announced the launch of a new Abra crypto index token. One product that gives global retail investors access to 80% of the cryptocurrency market. Minimum investment is only $5!!
How does it work?
Abra's BIT10 token was created via a partnership with Bitwise who supplies the pricing and rebalancing rules. The BIT10 uses the same synthetic asset model as all of the other assets in Abra and is 100% collateralized in Bitcoin.
Feel free to ask any questions here and we'll do our best to answer. Thanks!
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source https://www.reddit.com/r/btc/comments/9l6tfn/abra_launches_crypto_index_token/
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