The company has established the fund with a view to ensure a vehicle for allowing more regulated investors at the institutional level to gain Bitcoin exposure without the regulatory concerns. However, the fund will not be available to retail investors.
Direct investment in Bitcoin can be operationally challenging, from dealing with the choice of the platform, to maintaining the proper security measures in terms of custody and to managing the changes made to the protocol.
Head of business development, TOBAM
Despite skepticism about bitcoin, the widespread adoption of Bitcoin at the institutional level has kept on. The announcement of the Chicago Mercantile Exchange (CME) for the provision of Bitcoin futures, as well as other firms, has encouraged the cryptocurrency to new highs.