Viridi Funds, a registered investment advisor and emerging asset manager offering environmentally-focused cryptocurrency investment products, reveals that the Viridi Cleaner Energy Crypto-Mining & Semiconductor ETF (NYSE: RIGZ) achieved the milestone of $10 million in AUM.
Adding to Viridi’s steady growth, it has also hired Cameron Collins as its Investment Analyst. Collins is expected to serve an important role in advising and managing the portfolio for RIGZ and various other financial products that Viridi Funds will be introducing.
Collins is joining Virdi as RIGZ managed to surpass $10 million in AUM, “pointing to the growth of the organization in the two months since the launch of the ETF.” The announcement also mentioned that RIGZ was introduced in July of this year and was “well received by investors as its price increased 45.16% (NAV) since inception.”
The Fund is backed by well-known groups and some of the sharpest minds within the crypto space, including lead investor CoinShares, Alameda Ventures, Luxor Technology, Fundamental Labs, and Mechanism Capital.
Wes Fulford, Co-founder and CEO of Viridi, stated:
“In just the past few months, we have seen Viridi undergo a period of tremendous growth. The $10 million AUM mark and expansion of our team to include analysts like Cameron Collins is just the beginning. Leveraging the expertise of our core team, we were able to bring an innovative and unique product to market and supply investors with a simple way to access crypto from their brokerage and retirement accounts. Now that we have surpassed this milestone, we are looking ahead to providing analysis of the bitcoin mining industry as well as the launch additional products and services.”
Collins brings with him years of industry experience from his time spent working at Kabouter Management as an International Equity Trader where his responsibilities included the implementation of investment decisions across 33 different equity markets.
Before working with Kabouter Management, Collins participated in a rotational program at Magnetar Capital and served as an analyst for Aspire Capital Partners. Collins is a CFA Charterholder and has graduated from the Carl H. Lindner College of Business at the University of Cincinnati with a Bachelor’s of Business Administration degree in Finance.
“The initiatives and values of Viridi Funds paired with the opportunity to invest in an emerging segment of the ETF marketplace was one I was keen to join. I look forward to assisting the firm in its portfolio management activities as it continues its growth phase.”
As mentioned in the update, Viridi Funds leverages its experience in cryptocurrency mining operations and capital markets to invest in the digital currency mining sector, “with a focus on clean energy.” Viridi aims to “give investors exposure to a fast-growing and dynamic sector.”