According to BlockBeats, the BUIDL fund, operating on the Ethereum network, continues to attract new investors despite the recent downturn in the cryptocurrency market. As of July 8, the total asset size of the BUIDL fund has reached $491 million. The fund requires a minimum investment of $5 million.
This news comes at a time when the cryptocurrency market is facing challenges, yet the Ethereum-based BUIDL fund remains a popular choice for investors. The fund's resilience in the face of market adversity demonstrates the continued interest and confidence in Ethereum-based investments.
The BUIDL fund's minimum investment requirement of $5 million indicates that it is targeted towards high net worth individuals or institutional investors. This suggests that despite the volatile nature of the cryptocurrency market, there is still significant interest from larger investors in Ethereum-based funds.