OZAN KOSE/AFP via Getty ImagesTitan, a fintech startup that offers mobile-first active management for millennials, and Gen Z, launched a cryptocurrency fund Wednesday to keep up with growing interest in the asset class.Clayton Gardner, co-founder of Cryptocurrency, told Insider that Titan believes that crypto has "phenomenal” potential to grow and act as a hedge against stocks.Gardner stated that bitcoin will not be the largest holding in the crypto fund. This is quite unusual. Titan is bullish about ethereum.Check out more stories from Insider's business page.Titan, a fintech startup that offers mobile-first active management for millennials, and Gen Z, launched a cryptocurrency fund Wednesday to keep up with growing interest in the asset class.Insider was told by Clayton Gardner, co-founder of Titan Crypto, that the fund will steward investor capital through long-term bets in digital assets. Titan believes there is "phenomenal" growth potential for this asset, while also acting as a hedge against stock prices.Titan said that crypto investing can be stressful. He wants to intervene without requiring investors just to ride the volatility of crypto's price action. This contrasts with index-tracking crypto funds such as the Grayscale Bitcoin Trust.Gardner said that the fund is "absolutely an entry into a market we're committed for the next several generations." This is not an attempt to quickly play in crypto.Titan's focus on Gen Z and millennials has drawn high-profile backing from Kevin Durant and Will Smith. It raised $58 million through a fundraise that Andreessen Horowitz led in July.Titan charges a substantial fee for its services: 1% of account values for investors who have at least $10,000, and $5 per month for smaller users. This is less than the 2% Grayscale charge in its private Bitcoin fund, but it is comparable to other crypto products such as VanEck.Gardner stated that the largest holding in the crypto fund will not be bitcoin. This is quite unusual. Titan, however, is bullish about ethereum – especially its emerging DeFi apps – and will allocate 50% of the fund for the cryptocurrency.Bitcoin will still be a major component of the fund. It will make up about 30%, while Stellar and Cardano will have smaller shares.
