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.

 

 

Most Read

Top of the Agenda - Regulatory
ICI pursues reforming, modernizing '40 Act

The Investment Company Institute this week made public a set of recommendations to reform and modernize the Investment Company Act of 1940, which has not been ...