IDEG Asset Management has teamed up with Coinbase Prime to roll out an actively managed Ethereum fund, according to a Coindesk report.
IDEG said the Ethereum Enhanced Portfolio will be in line with the new suite of products focusing on Trust, Interest, Mining, Yield Earnings, and Structured Solutions or TIMES. It is said the be the first portfolio of such products.
The fund will have Coinbase Prime as its prime broker and custodian, which IDEG Chief Compliance Officer and Chief Operating Officer Suen Son Poon cited as a “reputable, compliance-focused” partner.
The fund will initially be available to qualified investors across the globe except for those in the United States, with at least $100,000 in investments. Spokesperson Ian Stirling said this will compete with most of the tracker funds, which tend to be passive.
IDEG also eyes to roll out more thematic funds this year, with actively managed multi-coin, decentralized finance yield farming, and GameFi/Metaverse play-to-earn strategies. ETH is up 0.07%, while COIN is up 2.69%.