A crypto fund is an adaptation of traditional funds that makes it easy for new investors to navigate this enticing new asset class. In a nutshell, cryptocurrency fund will buy and trade coin instead of you directly purchasing and trading them.
Portfolio managers and traders will decide which ICOs to enter and which to avoid, which currencies to buy and sell, and they promise to produce gains on your investment. In return they take a percentage of the profit as management and performance fees.
Early crypto funds had a huge success and tha has spurred other players, including traditional financial experts, to enter the crypto industry.
According to a recent report by financial research firm Autonomous Next, there are now more than 100 funds, big majority of them launched in 2017 and 2018.
The funds manage a total of more than $2 billion which is a considerable amount for a nascent industry that still has yet to see the turn of a decade.
Below is a list of top 25 crypto funds, ranked in no particular order:
|2||Galaxy Digital Assets Fund||https://en.wikipedia.org/wiki/Michael_Novogratz|
|17||Alphabet Coin Fund||https://alphabetcoinfund.com/|