Cryptocurrency Q&A What is a cryptocurrency mutual fund?

What is a cryptocurrency mutual fund?

Elena Elena Sat Jul 06 2024 | 0 answers 0
Could you elaborate on what a cryptocurrency mutual fund actually is? I've heard the term but I'm still a bit unclear on the specifics. Is it similar to a traditional mutual fund where investors pool their resources to purchase a diversified portfolio of assets? But in this case, are the assets solely cryptocurrencies? How does a cryptocurrency mutual fund operate? Do they have professional managers who make investment decisions on behalf of the investors? Are there any specific risks associated with investing in a cryptocurrency mutual fund compared to traditional mutual funds? Your insight would be greatly appreciated. What is a cryptocurrency mutual fund?

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