Ark Invest’s founder did not invest in the first Bitcoin Futures ETF
Ark Invest founder and CEO Cathie Wood passed on buying the first Bitcoin futures ETF citing an investigation into tax ramifications as one of Ark Invest’s reasons for withholding for now. According to Business Insider, Ark Invest founder and CEO Cathie Wood did not invest in the ProShares Bitcoin Strategy Exchange Traded Fund, or ETF, […]
Institutional asset manager PIMCO plans to buy more cryptocurrency
PIMCO an institutional asset manager plans to extend its exposure to digital currencies such as Bitcoin (BTC), providing the latest evidence that major institutions are starting to embrace the nascent asset class. Chief investment officer Daniel Ivascyn stated that PIMCO already has exposure to “crypto-linked securities ” through multiple hedge fund portfolios in an interview […]