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

10 Things
10 Things...to read in summer 2025

It's officially summertime, which means FBV's annual Summer Reading List is here. We curate the list each year by soliciting recommendations from our readers and friends ...

Top of the Agenda - Governance
ASA board enlarged, timeline to AGM unclear

ASA Gold and Precious Metals Ltd. shareholders voted at a special meeting last week to enlarge the closed-end fund's board and elected a fifth independent director, one ...