Asset Manager Launches Europe's First Bitcoin Mutual Fund

Asset Manager Launches Europe’s First Bitcoin Mutual Fund

A French asset manager has announced the launch of Europe’s first mutual fund centered around bitcoin. Announced today , Tobam’s alternative investment fund perhaps represents the latest bid to attract institutional investors to cryptocurrencies (though, as in the case with similar financial instruments, investors wouldn’t be holding bitcoin directly). According to the Financial Times , the mutual fund’s launch follows approval from the Autorité des Marchés Financiers, one of the country’s top financial regulators. Per the report, PwC will perform auditing services while Caceis, the asset servicing banking group of France-based Crédit Agricole, will hold custody of the bitcoins […]