Top Cryptocurrency Funds for 2023

Similar to ETFs or mutual funds, crypto funds are groupings of digital assets and cryptocurrencies. They make investments in digital assets rather than equities, indexes, or commodities. Since the first Bitcoin fund was introduced in 2013, more than 840 new cryptocurrency funds have been created. With a combined AUM of $62.5 billion during the height of the cryptocurrency market in Q4 2021, crypto funds saw unparalleled investor interest. The bear market caused them to suffer greatly in 2022. Inflows plummeted by 95% compared to 2021, while the overall asset value of crypto funds decreased by 66% to $20 billion in 2022.

The Best Crypto Funds in 2023

Grayscale
AUM: $20.8B

Grayscale, which was founded in 2013, quickly grew to become the world’s largest asset manager for digital currencies. With a range of investment products, such as diversified crypto DeFi funds and single-asset trusts, the business covered 73.4% of the digital currency market in 2021. Grayscale had a $43.5 billion AUM at its height. Despite a decrease of more than 50% in 2022, this fund is still the biggest cryptocurrency asset manager in 2023. BMJ Rating: 4.70

Pantera Bitcoin Fund
AUM: $3.8B

Since 2013, Pantera Capital has led the way in cryptocurrency funds. The company was the first US-based institutional asset management firm solely dedicated to blockchain technology. It has started four funds with a cryptocurrency concentration throughout the years, and over 100 out of 210 investments have been guided by it. After investing $23 million in 26 firms, Pantera has made over $125 million. BMJ Rating: 4.70

500 Global
AUM: $3B

The Silicon Valley-based early-stage venture capital business, once known as 500 Startups, has over 2,700 firms in its portfolio, spread across more than 75 nations. It makes investments across a range of industries, including blockchain and cryptocurrency firms like BlockCypher and Hijro. By 2023, 500 Global had invested in over 140 centaurs (startups valued at over $100 million apiece) and 51 unicorns, each worth over $1 billion. BMJ Rating: 4.60

Top Cryptocurrency Investment Funds

Exchange-Traded Funds (ETFs) for cryptocurrencies: These are investment vehicles that track the value of a certain cryptocurrency (or many currencies) and provide investors with easy access to cryptocurrencies without the need to get familiar with Bitcoin wallets, etc.

Block equities are publicly listed companies with strong ties to the cryptocurrency markets, often known as cryptocurrency equities. They make investors indirectly vulnerable to cryptocurrencies.

Cryptocurrency Mutual Fund Alternatives: Mutual funds are prohibited from investing in high-risk assets like cryptocurrencies by strict regulatory restrictions. But there are still alternatives, such as tokenized funds, cryptocurrency hedge funds, and exchange-traded investment commodities.

The Best Alternative to Cryptocurrency Funds: Self-Investment
Follow these fundamental rules when making Bitcoin purchases: plan, settle debts, and create a reserve of funds. Then, invest in a few high-quality digital assets and hold onto them for at least five years. For beginners, Bitcoin is a good option, but for consistency, stick with the top 10 coins. Instead of engaging in constant trading, focus on long-term custody. To build a portfolio that could outperform typical investors, think about combining cryptocurrencies with traditional assets.

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