Titan Investments Launches Cryptocurrency Investment Fund for US Investors
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Answer Titan Investments Launches Cryptocurrency Investment Fund for US Investors
Titan has launched a crypto-related investment called “Titan Crypto” in an effort to offer pioneering investment management to the everyday investor.
Release The new product has the title of one of the leading actively managed portfolios of crypto assets available to all American investors.
Titan Crypto will invest subscribers’ funds in a basket of digital currencies with the potential to perform well in the long term.
The investment according to the company will help give exposure to cryptocurrencies from everyone without prior understanding of cryptocurrencies.
The service comes with no fees or performance restrictions.
Clay Gardner, co-founder and co-CEO of Titan, said:
Read:Find out about the upcoming update that will shut down Ethereum (PoW) mining
The adoption of cryptocurrency and blockchain protocols is on the rise, and we expect this trend to prove to be structural and long-term in nature.
The basket of crypto funds will be managed by pre-configured crypto specialists at Titan, and according to the delay in regulatory approvals, the product is not yet available to New Yorkers only.
The launch of “Titan Crypto” completes the company’s mission of restoring access to wealth to all investors.
The new announcement from the company helped inject about $75 million into the Titan business by investors.
Availability of institutional products increases the attractiveness of crypto:
Despite the increasing strides towards and adoption of digital currencies, many individual and institutional investors are still wary of investing their money in this emerging industry.
The move to introduce crypto products by popular asset managers including Fidelity Investments and BlackRock helps lower the entry barrier to the crypto world.
In addition, there are many large companies such as “Grayscale” and “Galaxy Digital” that have entered the field of crypto and are presenting it to their users through simplified channels through which all categories of investors can participate in the cryptocurrency space.
Read:A marked decline in the price of Meme coins…is it the beginning of the end?
One notable way in which these companies have struggled to promote crypto adoption is bitcoin ETFs that are awaiting SEC approval, none of which have yet been ratified.
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