United States investment adviser Titan has officially launched its new cryptocurrency offering targeting U.S. investors, giving market participants additional avenues for accessing digital assets similar Bitcoin (BTC) and Ether (ETH).

The new product, dubbed Titan Crypto, seeks to invest in a concentrated basket of leading cryptocurrencies that can outperform over the long term, the company announced Wednesday. The portfolio will be actively managed past Titan's dedicated crypto team and will be available to U.S. residents who reside exterior of New York land.

In July, Titan ended a $58 million Series B financing round led by Andreessen Horowitz, bringing its total funding to $75 million. Although the funds raised weren't solely tied to Titan's crypto businesses, a spokesperson at the firm told Cointelegraph that the funds would assistance bootstrap Titan'due south crypto offering "well across the flagship coins and behaviors," referring to Bitcoin and Ether. At the time, the spokesperson identified decentralized finance (DeFi) coins equally ane avenue for future growth.

Andreessen Horowitz has been behind some of the biggest funding campaigns in crypto. As Cointelegraph reported, the California-based venture firm recently launched a $2.2 billion fund dedicated to blockchain and crypto plays.

Related: 5G blockchain network raises $111M in Andreessen-led token auction

Some of the biggest funding rounds accept targeted cryptocurrency exchanges and other service providers that are providing traditional onramps to digital currency investing. On the institutional forepart, at that place's growing evidence that larger investors have been increasing their exposure to digital avails. On-chain information provided past Glassnode showed that big BTC transactions, which are often indicative of institutional buyers, have grown significantly.

Across the on-concatenation data, institutional players like VanEck go on to push for a Bitcoin commutation-traded fund. For many crypto observers, information technology'southward only a matter of time before the United states of america Securities and Exchange Commission joins its counterparts in Canada in approval its first Bitcoin ETF.

Related: JPMorgan at present offers clients admission to half dozen crypto funds … but just if they ask