IDEG Asset Management Limited (IDEG), a professional digital asset manager, as launched the IDEG Terra Enhanced Tracker SP as part of its growing T-I-M-E-S product shelf of thematic digital asset funds.
The launch marks the first-of-its-kind product to enter the market and follows closely the recent launch of its Ethereum Enhanced portfolio. The Terra Enhanced Tracker is IDEG’s first in a planned series of solutions that will offer professional and institutional investors a professionally managed and third party custodied, exposure to digital asset investments from bitcoin and ether into other categories, managed through IDEG’s rigorous compliance, risk and internal controls processes. Terra, as a fast-growing chain, is currently the second largest smart-contract platform by Total Value Locked (TVL), trailing only Ethereum.
The Terra Enhanced Tracker will solely invest in and actively derive value from the price of Terra’s coin, $LUNA, through a mix of arbitrage strategies, including cash and carry arbitrage, to capitalise on the price difference and to enhance returns.
