An investment vehicle by Mudrex, a US-based crypto asset management platform, will offer retail investors a chance to invest in cryptocurrencies in the style of mutual funds, according to a report by Economic Times. The newly-launched 'Coin Sets' will allow investors to invest in a basket of crypto tokens based on different themes, the report added. With this option, investors will be able to diversify their crypto assets portfolio by investing in baskets they believe will augment their wealth, Cointelegraph reported. For example, the coin set named 'DeFi 10' will include top 10 DeFi tokens whereas the 'NFT' coin set will be a basket of the top NFT projects, the report explained. These baskets will be created and curated by experts from the Mudrex team. It will take care of fund allocation, weightage, order execution, and periodic rebalancing as well, as per ET. The array of financial instruments being announced for cryptocurrencies is a signal of maturing crypto markets. It is of note that this is the first time that such a product has been launched for retail investors as they were earlier accessible only to high net-worth individuals and institutional investors. A closer look at the idea behind Coin Sets and Mudrex With this product, investors will be able to distribute their risk exposure in a volatile marketplace, Cointelegraph explained. The ability will allow investors to bet on the value proposition of an entire sector, rather than the individual potential of a single asset just like we get to…
