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What investors need to know about Coin Sets, a mutual fund approach to cryptocurrencies

Days after the debut of a bitcoin futures ETF, another crypto investment vehicle with a better risk-reward ratio goes live.

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,…

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I cover several beats such as Crypto, Telecom, and OTT at MediaNama. I can be found loitering at my local theatre when I am off work consuming movies by the dozen.

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

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