#GrayscaleAndRepublicLaunchThreeCryptoFunds
What’s all the fuss about?
In short, without the institutional fanfare: Grayscale, together with platforms like Republic, has opened up three new crypto funds to the public—and, oh no!—there’s no Bitcoin in any of them!
They’ve decided to package up some “grown-up alts” in their funds:
• DeFi Fund (DEFG): UNI, AAVE, ONDO, ENA, CRV, LDO—a little collection for those who still believe decentralized finance will wipe the floor with traditional banks.
• Decentralized AI Fund: NEAR, TAO, RENDER, FIL—a selection riding the hype around artificial intelligence and decentralized computing power.
• Data Network Trust (DATA): A niche fund for data-related tokens.
But really, this is just another news event that’ll be used to stop out impatient long traders. Keep an eye on the order book depth for TAO, NEAR, and UNI, catch momentum moves on increased volume, and don’t forget to set a stop-loss! 🤷♀️😁
What’s all the fuss about?
In short, without the institutional fanfare: Grayscale, together with platforms like Republic, has opened up three new crypto funds to the public—and, oh no!—there’s no Bitcoin in any of them!
They’ve decided to package up some “grown-up alts” in their funds:
• DeFi Fund (DEFG): UNI, AAVE, ONDO, ENA, CRV, LDO—a little collection for those who still believe decentralized finance will wipe the floor with traditional banks.
• Decentralized AI Fund: NEAR, TAO, RENDER, FIL—a selection riding the hype around artificial intelligence and decentralized computing power.
• Data Network Trust (DATA): A niche fund for data-related tokens.
But really, this is just another news event that’ll be used to stop out impatient long traders. Keep an eye on the order book depth for TAO, NEAR, and UNI, catch momentum moves on increased volume, and don’t forget to set a stop-loss! 🤷♀️😁