Investment platform Titan has officially launched its new actively managed crypto portfolios to U.S. investors, giving market participants additional avenues for accessing digital assets like <a href="https://www.cryptoknowmics.com/news/altcoins-rise-as-bitcoin-bulls-rally-above-48000/">Bitcoin (BTC)</a> and Ethereum (ETH).
<h2><strong>Titan Launches Actively Managed Crypto Basket</strong></h2>
Fintech app Titan has launched a new product, dubbed Titan Crypto that will feature a basket of five to 10 cryptocurrencies including BTC, ETH, XLM, and ADA, the company <a href="https://www.businesswire.com/news/home/20210811005257/en" target="_blank" rel="nofollow noopener">announced</a> Wednesday.

Featuring zero performance-based fees or lock-ups, the portfolio will be actively managed by Titan’s dedicated crypto team and will be available to U.S. residents residing outside of New York state.

According to the firm’s co-founder and co-CEO at Titan, Clay Gardner, there's been the wrong debate around crypto portfolios in the industry, saying:

<em>“The adoption of cryptocurrencies and blockchain protocols is exploding, and we expect this trend to prove structural and long-term in nature. We see the wrong debate being had - it’s not a matter of if crypto deserves a place in portfolios; it’s a matter of what percentage.” </em>
<h2><strong>Titan is Bullish on Ethereum</strong></h2>
In July, Titan raised $58 million in a Series B funding round led by venture capital firm bringing its total funding to $75 million. While Anish Acharya, a general partner at a16z, joined Titan’s board of directors.

Since launching in 2018, the fintech startup has grown to manage over $500 million for more than 25,000 clients and is now moving towards crypto offering services.

For the latest crypto offering, Titan will charge 1% of the account value for investors with at least $10,000 or $5 per month for smaller users. This is significantly smaller than the 2% Grayscale charges in its private bitcoin fund but similar to crypto products like those of <a href="https://www.cryptoknowmics.com/news/vaneck-files-application-for-a-bitcoin-strategy-etf-with-the-sec/">VanEck</a>.

Interestingly, the crypto fund's biggest holding will not be bitcoin and will include about 30% of the fund. However, Titan is bullish on Ethereum and is allocating 50% of the fund to the cryptocurrency while other tokens like Cardano and Stellar will have smaller shares.

Titan Launches Actively Managed Crypto Portfolios for American Investors

Investment platform Titan has officially launched its new actively managed crypto portfolios to U.S. investors.

Jafrin is a cryptocurrency journalist/researcher fascinated by the world of decentralization. She is hopeful towards blockchain’s innovation and its potential to reshape the world for good. Currently, she is bringing out the best of cryptosphere via covering the latest ins and outs of the blockchain space.

Titan Launches Actively Managed Crypto Portfolios for American Investors

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