Mutual funds for crypto?


#1

Are there any mutual funds that “normal” people can invest in? I do hold some cryptos myself but would like to use some mutual fund or etf to diversify.


#2

I think there are some ICO’s looking to do just this, if I’m understanding you right :slight_smile:
Can’t think of the specfic projects, but shouldn’t be more than a google away ;D

I think Mike Novogratz was working on doing something like a ETF/hedgefund as well at some point, but has since cancelled or postponed the idea


#3

Thanks @CryptoS17!

I did do some googling but couldn’t really find much. Nothing that’s purely crypto. Did see the arkw/arkk etfs have some 7% or so in crypto related holdings, but that’s it.


#4

try google crypto20, listing on hitbtc mid Jan
another one is swissborg, ico stage
hope would help


#5

Googling for crypto20 I also found


These look interesting, thanks!


#6

Have a look at www.thetoken.io no min amount ! Year in service!


#7

The Best one out there is TAAS
Has been operating close on 9 mths - solely crypto with a mix of ICO’s and crypto’s
Pays a handsome dividend - fist quarter was approx $0.26 a token, second quarter was approx $0.33 a token (a return of approx 60c in six months of an initial investment of $1 plus the value of the fund has skyrocketed x 9 times in that period.

Of the ico’s they contributed in this Quarter - ICON - my figures have them making $18m on the 750eth investment in that ico alone for quarter 3.

also as mentioned above Crypto 20 - invests only in the top 20 (by marketcap) crypto’s
should be on exchanges in the next few weeks


#8

Thanks ResetNow. That one looks interesting.
Any idea if Coinomi wallet gets the earnings payouts if you store taas there?


#9

Somehow I thought it was a choice in Coinomi, but it seems not…


#10

Hi Jan,

I am not sure with Coinomi wallet - I do not use any mobile app wallets. I only use MEW
But I am sure any ERC20 wallet should work

Mind you I see TAAS price is starting to rise - and will rise till the end of January - as the next quarter dividends go to TAAS holders at around the end of Jan - first couple of days of Feb.
Then based on the past two quarters - price drops off some immediately after the dividend for the quarter:frowning:

A lot with the price will reflect around the current value of holdings
BUT what appealed to me is they do both crypto and ICO’s
and with a very strong last quarter - the value of the fund will increase expotentially,
as I stated above they were in ICON for 750 ETH, and two other ICO’s that have release are both up x10 fold

Very interesting fund


#11

Thank again, ResetNow.
Seems they can be stored in Coinomi after all. Have to figure it out, but I’ll get some.