Despite the incessant bear market the crypto market is experiencing so far this year, there has been an increase in the number of institutional investors in the market. A case in point is the recent creation of two crypto investment fund by Silver Castle, an Israel-based crypto investment fund.
Silver Castle Crypto Investment Fund
Silver Castle, made it know that in order to target targets institutional and accredited investors, it has created two new crypto funds. It also made it known that it has commenced the processes needed to create a third one before the year comes to an end. The third fund is also expected to have not less than $50 million in assets under management (AUM) before the year comes to an end.
According to a recent report, the current combined value of the crypto market is less than $200 billion. Of this humongous capital, a combined $10 billion in AUM is controlled by crypto funds across the world.
According to a recent report from Silver Castle, it was made known that the company is well equipped and experienced when it comes to making sure money investment with them yield the maximum profit possible.
The CEO of the company Eli Mizroch backed this up in a statement which states that;
“We spent close to a year building a robust infrastructure for managing other people’s money at the level of institutional grade with very, very high security,”
The further made it known that:
“Silver Castle’s maiden fund uses a momentum strategy for long and short investing, an approach whose in-house version has generated “high double-digit returns,” this year’s market downdraft notwithstanding. It’s a market-cap-weighted fund that uses proprietary algorithms to select the five biggest cryptocurrencies. “
When speaking on the two other crypto funds. It was made known that one is a “CRB-style fund that’s comprised of the leading 10 coins and whose weightings are determined by an algorithm.” The third fund is elites to be focused on ICOs.