Asset Management Firm TOBAM Launches Europe’s First Bitcoin Mutual fund

In a move that has surprised many investors, French asset management firm TOBAM announced on Wednesday that has launched Europe’s first ever Bitcoin mutual fund.

Institutional Investors and Bitcoin

 

Over the past several months, Bitcoin has received a lot of attention from major news stations and institutional investors. Some investors have been hesitating to directly invest in the decentralized cryptocurrency due largely to the lack of proper regulations and security measures by authorities. There have been previous attempts to establish a Bitcoin ETF, but they all have been rejected by US regulators.

The famous Winklevoss twins, founders of the Gemini cryptocurrency exchange, have tried several times in the past to launch their own Bitcoin ETF to no avail. A few weeks ago the CME Group, one of the biggest derivatives marketplace in the world, announced that they will launch Bitcoin futures in the fourth quarter of 2017. Analysts believe that more and more institutional investors will invest in the current cryptocurrency craze…

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