‘Physical’ Bitcoin Fund Approved in Singapore
In addition to an offering that purchases actual bitcoin, Fintonia also launched a bitcoin yield fund.Singaporean Fintonia Group has launched two bitcoin funds for professional investors.The Fintonia Bitcoin Physical Fund purchases actual bitcoin to provide investors with direct price exposure.The Fintonia Secured Yield Fund allows bitcoin holders to obtain cash by putting their BTC as collateral.Singapore-based fund manager Fintonia Group, regulated by the Monetary Authority of Singapore (MAS), has launched a “physical” bitcoin fund and a yield fund, reported Fund Selector Asia. The....
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