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Category: fund manager
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Multibillion Dollar Fund Manager Ruffer Sees Long Trend of Institutional Bitcoin Adoption
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Bitcoin Trust GBTC Shares Spike Despite 30% Premium
Bitcoin and cryptocurrency prices have seen significant gains as the entire cryptoconomy is up more than 40% since mid-December. Grayscale’s Bitcoin Trust (GBTC) has also seen an uptick and shares have climbed 9% this week. The news follows the asset manager’s recent registration as a reporting company with the Securities and Exchange Commission (SEC) and […]
The post Bitcoin Trust GBTC Shares Spike Despite 30% Premium appeared first on Bitcoin News.
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‘Crypto Fund’ Approved to Manage Cryptocurrency Investments in Switzerland
Emerging Swiss virtual currency fund, Crypto Fund AG, said on Tuesday it had been given an asset management license by the Financial Market Supervisory Authority (Finma). The license allows the company to manage crypto-related investments within Switzerland and to solicit for others elsewhere. Crypto Fund will also be authorized to provide investment advice to corporate […]
The post ‘Crypto Fund’ Approved to Manage Cryptocurrency Investments in Switzerland appeared first on Bitcoin News.
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Canadian Regulated Bitcoin Trust Achieves Mutual Fund Trust Status
A Canadian regulated bitcoin trust has achieved the mutual fund trust status, allowing eligible investors to invest in the trust through government-sponsored tax-efficient investment plans. The investment is approved by the Ontario Securities Commission and the British Columbia Securities Commission. Also read: 160 Crypto Exchanges Seek to Enter Japanese Market, Regulator Reveals Mutual Fund Trust Status […]
The post Canadian Regulated Bitcoin Trust Achieves Mutual Fund Trust Status appeared first on Bitcoin News.
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SEC Takes Action Against ‘First US Regulated Crypto Asset Fund’
The U.S. Securities and Exchange Commission (SEC) announced on Tuesday that it has taken action against two cryptocurrency firms. Both mark the “first-ever” action of their kind by the Commission. One is against the “first regulated crypto asset fund in the United States” and the other is against an “ICO Superstore.” Also read: 160 Crypto Exchanges […]
The post SEC Takes Action Against ‘First US Regulated Crypto Asset Fund’ appeared first on Bitcoin News.
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Novogratz Launches Benchmark Index of 10 Cryptocurrencies
Well-known hedge fund manager Michael Novogratz has launched a cryptocurrency benchmark index in partnership with Bloomberg. The index, designed to track the performance of the largest, most liquid coins, consists of 10 cryptocurrencies at its inception. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space New Crypto Index Galaxy Digital Capital Management and Bloomberg announced […]
The post Novogratz Launches Benchmark Index of 10 Cryptocurrencies appeared first on Bitcoin News.
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Number of Cryptocurrency Hedge Funds Rises to 226 Globally
The number of global cryptocurrency hedge funds has reached a record high of 226, according to research firm Autonomous Next. The hedge funds tracked by leading hedge fund database provider Eurekahedge show a return of 1,477.85 percent in 2017 on average. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies 226 Crypto Hedge […]
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