Man Group is the world’s largest publicly traded hedge fund, with $103.5 billion under their control. Man Group is a London based firm with 1,250 employees and 2016 revenue of $827 million. If it will start Bitcoin futures trading, it will be big step for Bitcoin and blockchain.
Luke Ellis, CEO of Man Group told Reuters:
Conceptually digital currencies are an interesting thing. It’s not part of our investment universe today – it could be. If there is a CME future on bitcoin, it would be. There is a big difference between a digital currency and a traditional currency...Traditional ones are supported by governments who have armies and tax men that can make people follow their rules, and digital ones don‘t. But that doesn’t invalidate digital currencies at all. You’ve got a few countries where there is a real problem about getting paid your money back - like Venezuela and Lebanon. There are high yields but not if you’re not going to get your money back, and (then) there’s a whole bunch of countries that trade with sort of no premium. Is transparency about what’s going on in small and mid-cap stocks going to get materially worse? Yes. Is it going to create some what are inherently false markets which will hurt some inexperienced investors? Yes.
CEO, Man Group
It is worth reminding that abovementioned CME Group reported on the start of Bitcoin futures trading in December. It doesn't seems possible that Man Group will launch BTC futures trading to that date too, but, we can see that institutional investors are very interested in Bitcoin.