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 that 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:
1 Polychain
2 Galaxy Digital Assets Fund
3 Blueyard
4 ICONOMI
5 Logos Fund
6 Pollinate Capital
7 Metastable
8 Pantera
10 ConsenSys Ventures
11 BB Fund
12 Tezos
13 FBG Capital
14 Blackmoon Crypto
15 BlockStack
16 Finshi Capital
17 Alphabet Coin Fund
18 Flipside Crypto
19 Target Coin
20 Mirach Capital
21 Science Inc.
22 BitSpread
23 Astronaut Capital
24 Blockchain Capital
25 Auryn Capital
Courtesy: captainaltcoin