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Cryptoknowmics 2022-04-12 11:08:29

Coinbase and IDEG to Launch Actively Managed ETH Fund

Digital Asset Manager, IDEG Asset Management Limited (IDEG) has debuted its T-I-M-E-S digital asset fund suite with strategic support from Coinbase Prime. As of yet, the company didn’t disclose the size or how much it has already invested in the fund. Coinbase and IDEG Forms Partnership Following the successful launch of its Asia Bitcoin Trust and Atlas Mining Trust in 2019, IDEG added the Ethereum Enhanced Portfolio to its T-I-M-E-S product offering. It is an actively managed investment vehicle that tracks the performance of Ethereum, combined with an arbitrage strategy capturing spot and futures basis to enhance investor returns while reducing the volatility associated with the asset. “The Ethereum Enhanced Portfolio is our first of such products, providing qualifying investors an opportunity to capitalize on Ethereum, the most renowned smart-contract platform, while enhancing risk-adjusted returns compared to holding Ethereum,” said Emma Hu, product partner of IDEG, in a statement. The fund will be available to qualified investors globally, except for the United States, with a minimum investment of $100,000, according to company spokesman Ian Stirling, adding that the fund will charge a fixed management fee based on the asset under management. IDEG is also planning to launch additional thematic funds this year, with actively managed multi-coin, decentralized finance (DeFi) yield farming, and GameFi/Metaverse play-to-earn (P...

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