Cryptocurrency Investment Manager Seeks $400 Million for New Fund

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Cryptocurrency funding supervisor Tim Enneking is searching for to lift as a lot as $400m for a brand new fund.

New filings from the US Securities and Exchange Commission reveal that Enneking is launching the “Crypto Asset Fund”, registered within the state of Delaware. CNBC first reported the information.

According to that submitting, no fairness gross sales within the fund have been made. The minimal quantity required by exterior traders to achieve a stake is $5,000, the submitting notes.

Enneking advised CNBC that the fund shall be geared toward investing in a broader subset of digital currencies and blockchain property. He additionally stated that, because it stands, he has been fielding curiosity from institutional traders seeking to acquire a stake available in the market.

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