It’s getting hot: hedge funds are ready to acknowledge cryptocurrencies
Man Group, British hedge fund company led by Luke Ellis plans to add cryptocurrency to its investment proposals. The assets of the investment fund are more than $ 100 billion and its acceptance of cryptocurrencies demonstrates that quite a major player has entered the cryptocurrency market.
The catalyzer for such hedge funds transformation will be the start of bitcoin-futures trading on the Chicago Mercantile Exchange (CME Group) in December 2017. The information was confirmed by Terry Duffy, CEO CME. This step will allow cryptocurrency to enter traditional business platforms, while institutional investors will enter the cryptocurrency market. According to Chris Concannon, CEO CBOE Global Markets, the main futures exchanges believe in the crypto trade development and intend to develop exchange investments funds in this field.
Cryptocurrency investments attract the conceptual interest of experts. This is a territory of free financial digital operations. Government regulators of different countries try to find levers of pressure or simply prohibit cryptocurrency turnover on their own territory. However, most experts in the financial world note that in the future cryptocurrencies firmly, but of course with rules and reservations, will enter the field of traditional exchanges.
Cryptocurrencies are characterized quite differently: as a spiral of evolution in the sphere of finance and as a “bubble”, however together with bitcoin they surely entered our lives. Today there are more than 120 cryptocurrency hedge funds around the world. They have and manage $3.2 billion in their assets.
Surely, no one will doubt the importance of the figure and its impact on the world market.
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