This is where I saw the most utility. 3% to me is a high fee to charge for managing a crypto fund. There's no way I'd allow that from someone managing my stocks/bonds (and thus why I manage my own).

With that said, high cost fund managers exist because they are utilized, and this will work because it fulfills a a lazy investment niche.

Thus, if I could create a portfolio offering that has a proven track record, why not provide that.