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Are Bitcoin Whales Back?
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investopedia.comBitcoin whales are making a comeback. One River Asset Management, a hedge fund specializing in volatility bets, has amassed substantial holdings and commitments, worth about $1 billion by 2021, in Bitcoin (BTCUSD) and Ether (ETHUSD), according to a report by Bloomberg.
Eric Peters, the firm's founder, told the publication that he intends to set up a «blue-chip fiduciary» for cryptocurrencies targeted at institutional investors. The hedge fund has partnered with Northern Trust Corporation (NTRS), which recently announced a partnership with Standard Chartered PLC (SCBFF), for custody and with San Francisco-based exchange Coinbase for trade execution.
Peters is not the only one building holdings in Bitcoin. One of his investors, London-based
Read more on investopedia.comAbout this in other media
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