A cryptocurrency fund is an funding fund that focuses on investing in cryptocurrencies or digital belongings. This enables buyers to entry the cryptocurrency market with out having to buy particular person cash or tokens themselves. As an alternative, these funds pool cash from a number of buyers to purchase quite a lot of cryptocurrencies, typically together with (BTC), ether (ETH) and different common tokens.
Crypto funds will also be categorized based mostly on their funding methods. For instance, some funds might solely put money into Bitcoin, whereas others might put money into numerous cryptocurrencies or concentrate on investing in tokens which have promising underlying know-how or are backed by established corporations. As well as, some funds put money into cryptocurrency-related corporations, resembling mining or buying and selling corporations.
Proceed studying Coin Telegraph.
