Cambrian Asset Management, a California-based asset management company, has announced the launch of actively managed bitcoin (BTC) and Ethereum (ETH) investment trusts.
Two investment trusts, the Cambrian Bitcoin Systematic Trust and the Cambrian Ethereum Systematic Trust will allow institutional and individual investors to gain exposure in cryptocurrencies. The fund managers will take active management techniques to curb downward risks of volatility.
Coinbase Custody, Anchorage, Gemini, and NYDIG will be the first-in-kind custodians, and JP Morgan Chase Bank, NA will be the fund administrator for investment trusts.
The initial investment required from investors would start at $50,000. The trusts will also charge 4% in management fees, a comparatively high fee from Grayscale, which charges 2% and 2.5% for its passive bitcoin and Ethereum trusts.
According to Bloomberg reports, the company has over $9 billion in assets under management and its flagship hedge fund has returned 76% this year until August
Cambrian’s CEO Martin Green said in the press release:
“We are excited to offer a new way of investing in digital assets through the launch of these new Trusts. Investors have asked us many times if they can use our systems to actively manage their Bitcoin or Ethereum exposure to protect against the material drawdowns that are endemic to digital assets markets.
These Trusts seek to do just that and provide the same benefits to investors seeking to gain their first exposure to Bitcoin and Ethereum.”