CrowdSwap has launched its first-ever decentralized cryptocurrency exchange-traded fund (ETF), consisting of ten digital assets, including Bitcoin (BTC) and Ether (ETH).
According to a press release, the new cryptocurrency fund, Bull Run dETF, provides investors with access to a diversified digital asset portfolio while ensuring that operations remain decentralized and secure.
The first ever DeFi cryptocurrency ETF
CrowdSwap's Bull Run dETF also consists of Polygon (Matic), Avalanche (AVAX), Chainlink (LINK), Polkadot (DOT), Binance Coin (BNB), Fetch AI (FET), ChainGPT (CGPT), and its native token. mobilize. While BTC and ETH make up 35% of the fund, large-cap altcoins like MATIC, AVAX, LINK and DOT make up 10% each. Although BNB and FET make up 7.5% each, high-risk assets like CGPT and CROWD make up 5% each.
The decentralized cryptocurrency trading platform said its assessment of each cryptocurrency asset in the fund ensures the ETF is strategically positioned to capitalize on market opportunities.
“This represents a pivotal moment at the intersection of traditional finance and blockchain technology, providing investors with unparalleled access to diversified cryptocurrency portfolios. This revolutionary financial tool aims to simplify investment processes while ensuring simplicity, security and decentralization.
Balance between stability and growth
The Bull Run deETF portfolio aims to balance stability, risk management, and growth potential. CrowdSwap took into account metrics such as potential return on investment, social media sentiment, risk analysis, and alignment with investor preferences in portfolio allocation.
“The allocation strategy has been carefully designed to maintain broad diversification while aligning with Bull Run deETF goals. The resulting portfolio provides investors with exposure to a balanced and diverse set of fundamentally robust decentralized projects within the cryptocurrency ecosystem,” CrowdSwap added.
Historical data from the past performance of Bull Run deETF crypto assets shows that the fund has the potential to deliver annual gains of over 206%. This combined with the rapid adoption of spot bitcoin ETFs has CrowdSwap more optimistic about the product's growth trajectory in the coming months.
Meanwhile, CrowdSwap is not the first cryptocurrency company to offer non-traditional cryptocurrency ETFs. Asset management firm First Trust submitted a proposal to create a Bitcoin reserve fund in December, seeking to provide some level of protection against negative returns in the cryptocurrency market.
