<transcript><audio_9>around 2014 and from there that was acquired by cloud bet in Hong Kong and we decided essentially to look at what exists in the real financial world and</transcript><transcript><audio_10>what could be replicated into you know the big world a lot of these kind of products already existed in terms of you know the infrastructure and after some investigation we realize there isn't actually any you know real financial</transcript><transcript><audio_11>services products it was no Enix fund at the time and investing obviously in something as volatile as Bitcoin or crypto in general one thing you can do to try and protect your capital is to</transcript><transcript><audio_12>diversify so that was the general thesis behind developing an index fund obviously holding it in a single token is much easier for people than you know having 20 in their wallet which is also kind of untenable and we use data</transcript> around 2014 and from there that was acquired by cloud bet in Hong Kong and we decided essentially to look at what exists in the real financial world and what could be replicated into you know the big world a lot of these kind of products already existed in terms of you know the infrastructure and after some investigation we realize there isn't actually any you know real financial services products it was no Enix fund at the time and investing obviously in something as volatile as Bitcoin or crypto in general one thing you can do to try and protect your capital is to diversify so that was the general thesis behind developing an index fund obviously holding it in a single token is much easier for people than you know having 20 in their wallet which is also kind of untenable and we use data
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