GoldenTree, with $41 billion in assets under management, is one among a growing number of traditional hedge funds purchasing bitcoin. GoldenTree, a hedge fund with $41 billion in assets under management, has added bitcoin to its balance sheet, The Street reported earlier today. According to The Street, GoldenTree purchased bitcoin to diversify from the conservative, debt-based […]
The first publicly available U.S. mutual fund that generally tracks the price of Bitcoin has been launched by a $60 billion fund manager. In a press release this morning ProFunds announced the launch of its Bitcoin Strategy ProFund (BTCFX). This will be the first publicly available U.S. mutual fund that generally tracks the price of […]
Stone Ridge Asset Management, the parent company of New York Digital Investment Group, or NYDIG, has been actively pursuing new investment vehicles for Bitcoin. On Friday, Stone Ridge’s open-end mutual fund revealed a new Bitcoin-focused investment strategy. Stone Ridge Asset Management, the alternative investment manager behind New York Digital Investment Group, has filed a new […]
In an official declaration, the Israel Investment Fund Group (IIFG) has announced that it has invested a massive $2.3 billion in Bitcoin. This Fund Group manages the sovereign wealth fund of Israel. The announcement notes that the latest Bitcoin investment comes as part of their portfolio diversification strategy. It also notes that the global strategic […]
As Bitcoin struggles to make a decisive move upwards, big news has had little effect to aid the bulls during this ongoing sell-off. From Morgan Stanley buying 28,000 shares of the Grayscale Bitcoin Trust (GBTC) to MicroStrategy holding over 100,000 BTC, to 640 banks in the U.S. offering BTC to their clients, many announcements have […]
On this episode of the “Bitcoin Magazine Podcast,” host Christian Keroles sat down with Ben Price of Bitcoin development project Open Sats. Watch This Episode On YouTube Listen To This Episode: Apple Spotify Google Libsyn Overcast On this episode of the “Bitcoin Magazine Podcast,” host Christian Keroles sat down with Ben Price of Bitcoin development […]
Ruffer revealed on Tuesday that it had sold its $600M position for $1.1B, citing concerns over excessive speculation across the cryptocurrency market. United Kingdom-based fund manager Ruffer liquidated its $600M Bitcoin bet after growing nervous about the speculative frenzy in the cryptocurrency market, including huge rallies in meme-based tokens like Dogecoin (DOGE). The fund, which […]
Major financial institution Guggenheim Investments has filed for a fund that could offer indirect bitcoin exposure. According to a recent filing with the U.S. Securities and Exchange Commission (SEC), major global investment firm Guggenheim Investments is exploring a new fund that could seek exposure to bitcoin. The filing indicates that the Guggenheim Active Allocation Fund, […]
Fidelity Investments has revealed via a filing with the United States Securities and Exchange Commission (SEC) on May 26, 2021, that its Wise Origin Bitcoin Index Fund I, LP, has raised over $100 million from investors since going live in August 2020. Fidelity’s Bitcoin Fund Sees Huge Success Fidelity Digital Assets, a subsidiary of Fidelity […]
It’s widely believed that even experts can only identify capitulation after it’s already happened. The thing is, in regulated markets, unscrupulous Billionaires/ Bond villains have the decency to manipulate the market behind closed doors. Traditional markets don’t have as strong a sign as infamous Elon’s tweet. The CEO of investment advisory firm Vailshire Capital Management, […]
NYDIG, a leading bitcoin financial services firm, has announced that it will welcome the CFO of Bridgewater Associates John Dalby to its team. Dalby joins NYDIG as the new Chief Financial Officer (CFO) in what represents one of the biggest personnel shifts from the mainstream financial industry to the crypto world. Contributing to the Greater […]
Ray Dalio, the founder of the world’s largest hedge fund Bridgewater Associates believe Bitcoin would have a similar impact as gold in the 1930s. Dalio suggested that just like the 30s when people started investing in gold as the return on bonds and cash diminished due to the war. Bitcoin today is attracting similar investment […]
The KiwiSaver Growth Strategy fund, part of New Zealand’s retirement savings program, has allocated 5 percent of its money to bitcoin. The KiwiSaver Growth Strategy fund, which is part of New Zealand’s national KiwiSaver program, has reportedly invested 5 percent of its funds into bitcoin. The program is meant to be used as a retirement […]
TORONTO, March 18, 2021 (GLOBE NEWSWIRE) — Purpose Investments Inc. (“Purpose”) is thrilled to announce that Purpose Bitcoin ETF (“the ETF”), the world’s first Bitcoin ETF backed by physically settled Bitcoin, crossed $1 billion in assets under management on its one-month anniversary, emphasizing investor’s confidence in our innovation and demand for this burgeoning asset class. […]
Aker’s recent press release states that it has started a company committed to investing in blockchain technology products. Aker Dives Further into Crypto According to the press release, the new company dubbed Seetee AS will have all its investment tools in BTC and fund projects and companies within the Bitcoin ecosystem. The CEO of Aker […]
Huobi Asset Management is set to launch a bitcoin (BTC) tracker fund, an Ether (ETH) tracker fund, and a multi-strategy digital asset fund, after successfully gaining the approval of the Hong Kong Securities and Futures Commission (SFC), according to reports on March 4, 2021. Huobi Rolling Out Fresh Crypto Funds With the global cryptocurrency markets […]
A preliminary report from a United Nations inquiry suggests North Korea is using the proceeds from crypto hacks to funds its weapons programs. The United Nations has accused the North Korean state of stealing $281 million worth of crypto from an exchange during September 2020. According to Reuters, the findings from a “confidential report” authored […]
The fund noted it would not expose more than 15% of its $2.25 billion in assets to bitcoin.
Ninepoint Partners has announced the launch of its Bitcoin Trust following a hugely successful CAD $230 ($180 million) initial public offering (IPO). The shares are now live on the Toronto Stock Exchange with ticker symbols “BIT.U” and “BIT.UN,” according to a press release on January 27, 2021. Ninepoint Unveils Bitcoin Trust Despite the current more […]
The digital asset manager passed a key milestone this week.
3iQ said its Ether Fund has completed an initial public offering on the Toronto Stock Exchange, calling it a “world first.”
MicroStrategy is turning to investors to fund up to $400 million more in bitcoin purchases.
The Guggenheim Macro Opportunities Fund will now be able to invest up to 10% of its net asset value in the Grayscale Bitcoin Trust.