M3Sixty Files For "Risk-Managed" Bitcoin Fund, Won't Hold Bitcoin
Instead of holding BTC, the IDX Risk-Managed Bitcoin Fund will invest in futures contracts and engage in high-frequency trading.Financial services firm M3Sixty recently filed with the U.S. Securities and Exchange Commission (SEC) to launch the IDX Risk-Managed Bitcoin Fund. The fund will invest mainly in bitcoin futures contracts and pooled investment vehicles to achieve its objective of capital appreciation over time.However, the filing details that the fund does not seek exposure to the bitcoin spot price and thus will not invest directly in BTC or popular over-the-counter investment....
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