Less than one year after launching a cryptocurrency hub to help educate investors, Purpose Investments is terminating one of their crypto investment options.
Purpose Investments is terminating the Purpose Crypto Opportunities ETF fund effective March 29, 2023.
According to a press release, the decision to close the fund was driven primarily by the funds’ relatively low assets under management which has made it difficult to efficiently manage the fund in accordance with their intended investment objectives.
The Crypto Opportunities ETF had only $2.3 million in assets under management. In comparison, Purpose’s Bitcoin ETF has over $670 million under management.
The Purpose Crypto Corner provides a central repository for cryptocurrency educational and investment content. It offers a vast array of topical blog posts, FAQs, and whitepapers on subjects ranging from Bitcoin mining to Ether staking to stablecoins.
Those interested in crypto investing are able to quickly compare the offerings of different Purpose funds so they can easily find what best suits their needs.