Crypto Mutual Funds Slowly Gaining Legitimacy
2019年3月20日 - 01:51AM
ADVFN Crypto NewsWire
Bitcoin Global News (BGN)
March 19, 2019 -- ADVFN Crypto NewsWire -- We all know the major
benefit of investing in a mutual fund. You get the most
diversification that it is possible to get on the market, typically
across different industries. With the continued rise of
cryptocurrencies, it is logical to question when they will truly
play a major part in this niche.
Last year, the Canadian Bitcoin
Fund was given regulatory approval to operate as a mutual fund
trust, which meant that it appeared to be one of the first to truly
become legitimate. At the same time, both this offering and the
latest, which experienced a major move forward today, are only
available to accredited investors.
Still the fact that Blockchain
Capital’s security token, which relates to the second offering
mentioned above, has been given the go-ahead to be stored by BitGo,
which is a regulated custodian, is significant. Blockchain
Capital’s BCAP token gives investors a share in what is basically a
crypto mutual fund that puts its’ faith in early-stage blockchain
startups.
If regulators have no problem
allowing such a fund to operate in the United States, then it
cannot be long before similar opportunities are made available to
the average consumer, right? In truth, this is not exactly the
case, both because BitGO is running with the mission of making
digital currencies usable for businesses and not consumers and
because the walled gardens appear to be growing.
If you are wondering what we mean
by this, take a look at how many investment opportunities in the
blockchain industry are only available to accredited investors.
Until someone figures out how to convince regulators that
cryptocurrencies are safe for everyone, we will likely continue to
see this Silicon Valley-like evolution of the space
unfold.
By: BGN Editorial Staff
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