Titan, the fintech startup pitching mobile-first active management to millennials and Gen Z, launched a crypto fund on Wednesday as mainstream interest in the asset class builds.
Where investing in crypto can be stressful, Titan wants to step in without requiring investors to simply ride the roller coaster of crypto's volatile price action, he said, striking a contrast with index-tracking crypto funds like the Grayscale Bitcoin Trust. The fund, said Gardner, is "absolutely a foray into a market that we're committed to for the next several decades. This is not a quick [attempt] to play in crypto." In exchange for its services, Titan charges a sizable fee across its funds: 1% of account value for investors with at least $10,000 or $5 per month for smaller users. That is smaller than the 2% Grayscale charges in its private bitcoin fund, but in line with other crypto products like those of VanEck.