4.6 • 821 Ratings
🗓️ 28 November 2023
⏱️ 23 minutes
🧾️ Download transcript
In this episode of Crypto 101 we have Kenny Estes the CEO of Diffuse and an active fund manager. Kenny has over 20 years of experience in the financial services industry and has actively traded crypto since 2017. Diffuse is an alternative fund platform offering differentiated investment products. From digital assets to VC funds and beyond. Building off of our last episode of showcasing how we are seeing the markets we wanted to give you a guest who also actively trades so you can see a different opinion.
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0:00.0 | All right, everybody, welcome back to another interview here at the Crypto Hedge Fund Summit. |
0:15.0 | It has been an absolute whirlwind. |
0:17.0 | We've been joined by some amazing guests. |
0:19.1 | And we got another hot one coming at you. We got |
0:22.0 | Kenny Estes, who is from diffuse funds. And he's the founder and the CEO. Kenny, welcome to |
0:28.9 | the hedge fund summit. How are you doing today? Thank you for having me, a long time listener, |
0:32.3 | first time call. I appreciate it. Love it. No, we're excited to dive into diffuse funds. You also run a podcast yourself. |
0:41.1 | So we'll talk about where viewers can go and follow up and listen to more good stuff from you. |
0:46.6 | But let's kind of zoom out. I want to learn about diffuse funds. What kind of fund is it? |
0:53.6 | And what are you guys doing over there? Yeah, no, thanks for |
0:57.1 | asking. So we are, our main product is diffused at digital 30, which is an index fund. So top 30 |
1:06.5 | digital assets, we're holding spot. And it's market cap-quivated. |
1:16.0 | It is the exact same methodology that you do use for the S&P 500. |
1:21.6 | The difference is we do it for 30 cryptocurrencies instead of 500 stocks, and we rebalance, meaning we change what's in the portfolio once a month. |
1:25.5 | But the key thing is it's- |
1:26.5 | You say once a quarter? |
1:28.3 | Once a month. Once a month. So the S&P 500 is once a month. But the key thing is it's... You just say once a quarter? Once a month. |
1:29.3 | Once a month. |
1:30.3 | So the S&P 500 is once a quarter, but crypto moves a lot faster than a lot of the stocks do. |
1:35.3 | So we do it once a month for a cryptocurrency. |
1:39.3 | So it is designed to be a simple way for you to get exposure to the larger cryptocurrency market. |
1:47.0 | We can talk about it if you want to. I like Bitcoin. I like Ethereum. You need to have them in your portfolio. |
... |
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