Crypto Asset Fund, or CAF, aims to bring the best fiat practices to the world of cryptocurrency investing. Find out what that means today in our Crypto Asset Fund review.
What Is Crypto Asset Fund?
Crypto Asset Fund, found online at Crypto-Asset-Management.com, is an open-end, private fund built with the goal of “acquiring, managing and divesting investments in a variety of crypto assets,” explains the official website.
The fund plans to invest in all types of cryptocurrencies, tokens, tethers, and other digital assets. They’ll invest in mining-related activities, blockchain technology companies, and other verticals across the industry.
CAF is open to accredited investors based in the United States. There’s a minimum investment of $25,000.
The company also has a “feeder” fund called Crypto Asset Fund (Cayman) Ltd., which has a minimum investment of $100,000.
Crypto Asset Fund also has portfolios denominated in digital currencies – not US dollars – which makes it easier for investors around the world to participate in the investment. The company’s cryptocurrency-denominated funds are open to investors around the world – including both US and non-US investors. The minimum investment is the equivalent of $50,000 in digital currencies. There are two crypto-denominated portfolios offered by the company at the moment, including for BTC and ETH.
How Does Crypto Asset Fund Work?
Today, CAF has three classes of shares, including Class T (Trading), Class L (Lending), and Class I (Index).
- Class T (Trading): This share represents a share of a fund that makes all types of investments across the crypto space.
- Class L (Lending): This fund lends fiat and cryptocurrencies to other traders, allowing them to leverage and short.
- Class I (Index): This fund mirrors the CAMCrypto30 index, which includes the top 30 largest cryptocurrencies by market cap.
Who’s Behind Crypto Asset Fund?
Crypto Asset Fund is led by Timothy Enneking (Managing Director), who is the founder and primary principal of a company called “The Manager”. Prior to that, Enneking was the founder and investment manager for the Crypto Currency Fund (CCF), a private fund focused on cryptocurrency investments. Prior to getting involved with cryptocurrency, Enneking founded and managed Tera Capital Fund (TCF), a basket of funds focused on Eastern Europe and founded in 2004. In 2013, Enneking was asked to manage the world’s first bitcoin fund.
Other key members of the team include Todd Enneking (Chief Security Officer), who has 35+ years of experience in software development, information and physical security best practices, and executive management. There’s also Clayton Ayers (Chief Trading Officer), a Houston-based trader who oversees the fund’s large cap altcoin portfolio and trading systems.
CNBC did a writeup on Timothy Enneking and the Crypto Asset Fund in July 2017. They describe how the 58-year old money manager started a cryptocurrency fund in 2014. Now, with Crypto Asset Fund, the company is seeking to raise $400 million to create a diversified pool of investments.
How Will Crypto Asset Fund Invest In Blockchain Technology?
Obviously, the company’s investment strategies will vary over time. However, the CNBC interview linked above had some good information about how Timothy Enneking sees the market:
“As for the Crypto Asset Fund's strategy, Enneking said he's broken the market up into six pieces, ranging from the “blue chips” valued at above $2 billion all the way down to the currencies with so little value that they don't trade. There are currently four cryptocurrencies that fall into the blue chips category — bitcoin, ethereum, XRP and NEM — and another 22 in his large-cap group with coins outstanding valued at $200 million or more, according to CoinMarketCap.”
Crypto Asset Fund Conclusion
Crypto Asset Fund aims to bring institutional, fiat-style investing to the world of cryptocurrency. The fund plans to offer separate investment vehicles, including funds that lend fiat and digital currencies, funds that invest in blockchain technology companies, and funds that are denominated in BTC and ETH.
The company’s USD-denominated funds are exclusively available to US investors, with buy-ins starting at $25,000. The BTC and ETH-denominated funds, however, are available to investors worldwide.
Overall, there’s limited information about Crypto Asset Fund available online at this time. However, a report from earlier this year showed that the company’s founder, Timothy Enneking, was seeking $400 million in funding for the investment firm.
You can learn more about CAF by visiting Crypto-Asset-Management.com.