In Brief:
- Mudrex launches Coin Sets, a crypto investment product in the mutual fund model.
- Aims to aid investors in diversifying their crypto investment portfolio.
- The product is easy to use for small investors too.
Mudrex, the leading crypto asset management platform, has launched ‘Coin Sets’ allowing retail investors to engage with crypto products in mutual fund style. Coin Sets are in the form of crypto tokens created by a team in Mudrex and managed by the same.
The crypto management platform is in charge of allocation, order execution, periodic rebalancing, and diversification of the crypto portfolios of the investors.
Following the announcement Edul Patel, CEO and Co-founder of Mudrex, said, “As a leading global player in crypto, Mudrex is constantly looking to bring ease and simplify investing in crypto for newer investors. Coin Sets is one such product that will allow investors to mitigate risk by diversifying investment in cryptocurrencies.”
With Coin Sets’s debut, investors now have access to a variety of digital tokens. Previously the services were only available to high-net-worth individuals (HINIs) and other institutions.
Mudrex has made clear that with the launch of Coin Sets both small and big crypto investors would be able to diversify their cryptocurrency investment portfolio.
Previously ProFunds has launched bitcoin mutual funds in the U.S. and now with Mudrex debuting CoinSets, more crypto asset management platforms will hop on the opportunity to bring in more crypto investors.
