Crypto Asset Fund to Further Pump Bitcoin/Ethereum

in #bitcoin • 7 years ago (edited)

From CNBC, money managers looking for growth are seriously looking to position portfolios with crypto exposure.

With market cap now exceeding $100B, the space is considered large enough for money managers to acquire a diversified basket of crypto assets to offer to investors as a vehicle for growth in retirement and investment portfolios.

Crypto Asset Fund LLC (https://www.sec.gov/Archives/edgar/data/1708456/000170845617000001/xslFormDX01/primary_doc.xml) expects to raise up to $400M to put towards a pool of diversified crypto assests.

Here is the related CNBC article:

http://www.cnbc.com/2017/06/06/crypto-asset-fund-aims-to-raise-400-million-for-blockchain-deals.html

Conclusion: This space is nowhere close to a bubble!

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#ethereum #litecoin
7 years ago in #bitcoin by
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