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.
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A millennial-focused asset manager backed by Will Smith and Kevin Durant just launched an actively managed crypto fund
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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.
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