CoinShares Group Launched Two Flagship Funds

CoinShares Group, the group provider Bitcoin and Ether exchange traded notes has announced two new flagship crypto investment funds, Active and Large Cap Funds, on January 23
23 January 2018   1248

CoinShares group is focused on delivering the most fit-for-purpose crypto investment vehicles to market, having the aim to continue the track record of ‘firsts’ and build structures which allow for yet un-tapped pools of investment capital to access the emerging market of crypto-assets.

On January 23 CoinShares announced two new flagship crypto investment funds.

  • Active Fund - a multi-coin, alpha-generating, active strategy
  • Large Cap Fund - a passive, large-cap, basket fund, which represents a natural evolution of market approaches based on the current trajectory of the crypto-asset economy

As a group, we have developed a deep expertise in bringing new, fit-for-purpose crypto-investment products to market; products which offer traditional investors proper, familiar channels to access the crypto-asset ecosystem. We are particularly excited for these two new funds as they represent the latest evolution of our expertise and are built on key learnings from the last three years of managing crypto-asset investments.

Daniel Masters
Chairman, CoinShares

Moreover, CoinShares Group announced the appointed representative relationship with Sapia Partners LLP, part of the Lawson Conner Group, stating that the crypto-finance community should seek more regulation, and the London office was a proper step in following that belief. 

Fidelity Investments to Launch BTC & ETH Platform

New platform is designed for institutional investors
16 October 2018   121

One of the world's largest asset managers, Fidelity Investments, announced the launch of a unit focused on providing institutional investors with Bitcoin and Ethereum services. The Forbes reports.

The new division received the name Fidelity Digital Assets and, possessing a staff of 100 employees, will provide a platform for trading cryptocurrencies and consulting services 24/7.

The platform already has first customers, but its launch for a wider range of investors is scheduled for the beginning of 2019.

This is a recognition that there is institutional demand for these assets as a class. Family offices, hedge funds, other sophisticated investors are starting to think seriously about this space.

Tom Jessop

Founding head, Fidelity Digital Assets

In particular, Fidelity Digital Assets will offer a transaction service that, using internal cross-connect and order routers, will trade through third-party liquidity providers.

One of the most popular offers by the company can also be a service for storing Bitcoin and other cryptocurrencies. It is physical storage, distributed in different geographical locations and offering the so-called "cold" storage of digital assets. This way of storing cryptocurrencies without access to the Internet and with a multi-level control system is considered to be one of the safest and most resistant to hacking today.

As the CEO of Fidelity Investments, Abigail Johnson, said, the goal of the new platform is to make digital assets like Bitcoin more accessible to investors.

Fidelity Investments is considered the fifth largest asset manager in the world, offering investment and custody services to 13,000 consulting firms and brokers. In total, the company manages assets worth $ 7.2 trillion.