World’s First Bitcoin Mining Fund Launched to Meet Big-Time Investor Demand
Bitcoin cloud mining provider Genesis Mining has announced they will be launching the world’s first Bitcoin mining fund, called Logos Fund. This fund will allow investors to become a part of Bitcoin, without having to get involved with mining or buying the cryptocurrency through an exchange. Similarly to how Bitcoin ETFs allow investors to get involved....
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Genesis Mining, the world’s largest Bitcoin cloud mining provider, has announced the launch of the world’s first regulated Bitcoin mining fund. The fund, to be called Logos Fund, has officially filed its Form D with the SEC. According to the fund’s website, the fund will also allow investors to gain exposure to bitcoins directly (in addition to Bitcoin mining operations). According to Genesis Mining, the company has received more than $100 million in inquiries involving Bitcoin mining over the past two years. While many Bitcoin enthusiasts have purchased their own equipment and started....
Genesis Mining, which provides computer equipment to create bitcoins in the cloud, has launched the world’s first fund that invests in hardware used to create the digital currency, according to Reuters. The company said it registered the fund, called the Logos Fund, with the Securities and Exchange Commission and will invest $ 1 million in it. The fund will issue “pooled investment fund interests” to investors in an offering expected to last more than a year. Marco Streng, co-founder and CEO, said investors have expressed an interest in putting in $100 million. The minimum investment for....
High net worth investors can now gain exposure to speculative bitcoin mining through what’s being billed as the world’s first "bitcoin mining fund". Logos Fund, a Regulation D offering, is positioning itself as an alternative products like the Bitcoin Investment Trust (BIT), the private investment vehicle launched by Digital Currency Group CEO Barry Silbert, by creating an offering that blends bitcoin mining with buy-and-hold investing. The fund was created by Marco Streng, founder of hosted cloud mining company Genesis Mining. Logos Fund managing partners include Björn Tilmann Arzt,....
The next time someone asks the folks at KnCMiner, "how's business?", they'll probably tell you they're doing very well. That's because the Sweden-based company has raked in about $3 million in Bitcoin mining equipment sales in the past - wait for it (but you probably already read the title) - four days. As opposed to a company like Butterfly Labs who continues to take orders while unable to timely meet demand, KnCMiner has posted a banner letting their customer know they're sold out of Saturn and Jupiter miners during their sale from November 7 through November 11. "[this] has been....
US Bank has launched its cryptocurrency custody services. “Investor interest in cryptocurrency and demand from our fund services clients have grown strongly over the last few years,” the bank said.
US Bank’s Crypto Custody Services Now Live
U.S. Bank announced Tuesday that its cryptocurrency custody services are now live and available to its Global Fund Services clients.
U.S. Bancorp, with nearly 70,000 employees and $559 billion in assets as of June 30, is the parent company of U.S. Bank, the fifth-largest bank in the country. The....