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Mudrex offers Coin Sets: Do they make investing in cryptocurrencies simpler?
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What do you do if you cannot decide which share you wish to buy and when? Invest in a mutual fund. Mudrex, a US-headquartered but home-grown crypto asset manager, offers the same solution in the world of cryptocurrencies. Coming on the heels of the hugely-popular Bitcoin ETF, Mudrex – backed by Y Combinator and Nexus Venture Partners – has launched various Coin Sets. Each Coin Set is a basket of cryptocurrency coins. Think of a Coin Set as a mutual fund scheme.
What are Coin Sets?
These are portfolios of coins based on certain themes. For instance, a Coin Set called ‘Crypto Blue Chip’ is a basket of the top five tokens as per their market cap. There are thematic Coin Sets too. The ‘DeFi 10’ is a basket of the top 10 DeFi tokens. Similarly, a
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