In the Margins

Mutual funds investing in bitcoin

December 13, 2017

By InvestmentNews

Two mutual fund companies own 43% of Bitcoin Investment Trust, currently the only fund that invests exclusively in the cryptocurrency. Kinetics Asset Management owns 27.27% of the outstanding shares of Bitcoin Investment Trust, while ARK Investment Management owns 15.82% of the shares outstanding, according to Morningstar. Both companies have spread those holdings among several funds. Read the original story from InvestmentNews.

 

 

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