Viridi Funds’ Energy Crypto-Mining and Semiconductor Reaches $10M AUM

Viridi Funds’ Viridi Cleaner Energy Crypto-Mining and Semiconductor (RIGZ ETF) achieved the milestone of $10 million in assets under management, pointing to the growth of the organization in the two months since the launch of the ETF. RIGZ was launched in July 2021 and was well received by investors, given its price increased 45.16 percent (NAV) since inception. The fund is backed by groups within the cryptocurrency sector including lead investor CoinShares, Alameda Ventures, Luxor Technology, Fundamental Labs and Mechanism Capital.

Adding to Viridi’s continued growth, the firm has also appointed Cameron Collins as its investment analyst. Collins will play a key role in advising and managing the portfolio for RIGZ and other financial products Viridi Funds will be releasing.

“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,” says Wes Fulford, co-founder and CEO of Viridi. “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 of additional products and services.”