CoinDesk Analysis Team
CoinDesk
Titan believes the three cryptos will outperform others as they become more widely adopted.
Titan has added ALGO, LINK and UNI to the actively managed crypto portfolio it launched in August following its Series B raise led by Andreessen Horowitz, the company said Tuesday.
-
The fintech app said the additions would give it exposure to oracles (via LINK), decentralized finance (via UNI) and smart-contract base layers (via ALGO), categories the company believes will outperform the benchmark as adoption continues to grow.
-
“These new cryptos represent what Titan believes to be great long-term compounders in line with Titan’s time-tested investment philosophy,” Gritt Trakulhoon, crypto investment analyst at Titan, told CoinDesk via email.
-
Titan initially said its Titan Crypto portfolio would have a collection of five to 10 cryptocurrencies, including BTC, ETH, ADA and XLM. On Tuesday, the company said that along with the additions, it would be trimming the fund’s positions in BTC, ETH and ADA, and fully exiting its position in XLM.
-
Titan manages approximately $500 million for over 30,000 clients. It set up Titan Crypto to make it easier for customers to invest in crypto.
-
Its investment team will make monthly adjustments to the allocations and coins contained in the crypto portfolio based on performance, the company said.
All writers’ opinions are their own and do not constitute financial advice in any way whatsoever. Nothing published by CoinDesk constitutes an investment recommendation, nor should any data or Content published by CoinDesk be relied upon for any investment activities. CoinDesk strongly recommends that you perform your own independent research and/or speak with a qualified investment professional before making any financial decisions.
Recommended Content
Editors’ Picks
Is Altcoin Season here as Bitcoin reaches a new all-time high?
Bitcoin reaches a new all-time high of $98,384 on Thursday, with altcoins following the suit. Reports highlight that the recent surge in altcoins was fueled by the victory of crypto-friendly candidate Donal Trump in the US presidential election.
Shanghai court confirms legal recognition of crypto ownership
A Shanghai court has confirmed that owning digital assets, including Bitcoin, is legal under Chinese law. Judge Sun Jie of the Shanghai Songjiang People’s Court shared this opinion through the WeChat account of the Shanghai High People’s Court.
BTC hits an all-time high above $97,850, inches away from the $100K mark
Bitcoin hit a new all-time high of $97,852 on Thursday, and the technical outlook suggests a possible continuation of the rally to $100,000. BTC futures have surged past the $100,000 price mark on Deribit, and Lookonchain data shows whales are accumulating.
Shiba Inu holders withdraw 1.67 trillion SHIB tokens from exchange
Shiba Inu trades slightly higher, around $0.000024, on Thursday after declining more than 5% the previous week. SHIB’s on-chain metrics project a bullish outlook as holders accumulate recent dips, and dormant wallets are on the move, all pointing to a recovery in the cards.
Bitcoin: New high of $100K or correction to $78K?
Bitcoin surged to a new all-time high of $93,265 in the first half of the week, followed by a slight decline in the latter half. Reports highlight that Bitcoin’s current level is still not overvalued and could target levels above $100,000 in the coming weeks.
Best Forex Brokers with Low Spreads
VERIFIED Low spreads are crucial for reducing trading costs. Explore top Forex brokers offering competitive spreads and high leverage. Compare options for EUR/USD, GBP/USD, USD/JPY, and Gold.