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PIMCO Begins to Step into the Field of Crypto amid the Fad of Bitcoin
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blockchain.newsA Fixed-income investment management giant PIMCO began to get involved in the cryptocurrency field and gradually increased the amount of investment.
CNBC reported Wednesday PIMCO Chief Investment Officer Daniel Ivascyn stated that PIMCO has followed the current digital asset trend and plans to increase its exposure to cryptocurrencies such as BTC. Hedge fund portfolios are already trading crypto-related securities.
PIMCO, Pacific Investment Management Company, is a global investment management organization, and its products involve fixed income, shareholder equity, ETFs, hedge funds, etc. The company’s assets exceed US$2.2 trillion in funds.
Ivascyn said in an interview:
«Now we’re looking at potentially trading certain cryptocurrencies as
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