CrowdSwap has launched the first-ever decentralized cryptocurrency exchange-traded fund (ETF) consisting of 10 digital assets, including Bitcoin (BTC) and Ether (ETH).
According to a press release, the new crypto fund, Bull Run dETF, provides investors with access to a diverse portfolio of digital assets, while ensuring the process is decentralized and secure.
The first ever DeFi crypto ETF
CrowdSwap's CrowdSwap's Bull Run dETF supports Polygon (Matic), Avalanche (AVAX), Chainlink (LINK), Polkadot (DOT), Binance Coin (BNB), Fetch AI (FET), ChainGPT (CGPT), and their native tokens It consists of crowd. BTC and ETH account for 35% of the fund, while large altcoins such as MATIC, AVAX, LINK, and DOT each account for 10%. BNB and FET each account for 7.5%, while high-risk assets such as CGPT and CROWD account for 5% each.
The decentralized crypto trading platform said the valuation of each crypto asset within the fund ensures that the ETF is strategically positioned to take advantage of market opportunities.
“This is a pivotal moment at the intersection of traditional finance and blockchain technology, providing investors with unparalleled access to a diverse portfolio within the crypto space. It aims to streamline the investment process while ensuring security, security and decentralization,” the cryptocurrency exchange said.
Balance between stability and growth
The Bull Run dETF portfolio aims to achieve a balance between stability, risk management, and growth potential. CrowdSwap considered metrics such as potential investment return, social media sentiment, risk analysis, and alignment with investor preferences when allocating portfolios.
“The allocation strategy has been carefully crafted to maintain broad diversification in line with the objectives of the Bull Run dETF. The resulting portfolio provides investors with access to fundamentally strong decentralized projects within the crypto ecosystem. “We offer a balanced and diverse selection of options,” CrowdSwap added.
Historical data on the past performance of Bull Run dETF's crypto assets shows that this fund has the potential to return more than 206% annually. This, along with the rapid adoption of spot Bitcoin ETFs, increases Crowdswap's optimism regarding the product's growth trajectory in the coming months.
CrowdSwap, on the other hand, is not the first crypto company to introduce an unconventional crypto ETF. In December, asset management firm First Trust submitted a proposal for a Bitcoin buffer fund aimed at providing a level of protection from negative returns in the cryptocurrency market.
