Amidst the current bearish descent of the crypto markets, that does not seem to have deterred institutional investors from entering the market. In this thread, Tel Aviv-based investment firm Silver Castle, announced the creation of two new crypto funds in order to attract institutional and accredited investors. The firm also announced that a third firm is currently in the works to be launched before the end of the year, with plans to hold more than $50 million in assets under management.
The two crypto funds are differentiated as one being focused on ICOs, and the other being “CRB-style fund that’s comprised of the leading 10 coins and whose weightings are determined by an algorithm”.
The Israeli investment firm expounded that they hold top tier personnelle to provide their clients with strategies that yield the maximum profit possible.
Silver Castle’s CEO, Eli Mizroch, elaborated by saying:
“We spent close to a year building a robust infrastructure for managing other people’s money at the level of institutional grade with very, very high security, Silver Castle’s maiden fund uses a momentum strategy for long and short investing, an approach whose in-house version has generated “high double-digit returns,” this year’s market downdraft notwithstanding. It’s a market-cap-weighted fund that uses proprietary algorithms to select the five biggest cryptocurrencies. “