Bitcoin Strategy ProFund aims to tackle regulatory barriers for investors
Mutual funds provider ProFund aims to enable crypto exposure for investors without actually buying Bitcoin. The United States-based investment management firm ProFunds announced the launch of Bitcoin Strategy ProFund (BTCFX), one of the first publicly available mutual funds or ETFs that performs in parallel with Bitcoin (BTC). ProFunds provides an alternative to the traditional methods of holding cryptocurrencies via wallets or crypto exchanges with this service. Sharing details on how ProFunds plans to enable investment in Bitcoin performance through mutual funds, ProFunds CEO Michael L.....
Related News
ProFunds, the provider of different mutual funds, has launched a Bitcoin Strategy ProFund under the ticker BTCFC available in the U.S. This is the first investment product under this model to tack the BTC’s price performance. As with other similar investments products, this fund allows clients to gain exposure to Bitcoin without having to hold […]
Last October, dozens of refugees remained stranded in Calais after authorities announced the closure of Calais’ ‘Jungle’. In a report from the Guardian, over 1,000 refugees remained, including more than 100 children, with many facing the prospect of having nowhere safe to sleep. Yet, with French and U.K. officials accusing each other of not doing more to sort the situation out, the ‘Jungle’ became a poignant representation of Europe’s failure to tackle the migrant crisis. Humanitarian Blockchain. One organization is stepping forward with blockchain ideas and solutions designed to address....
The emergence of cryptocurrencies and their increasing adoption impetus the need for crypto regulations. Issues like failures of projects, exploits, high market volatility, and misuse of digital assets in crimes have put the regulatory authorities on their toes worldwide. After the U.S. Fed decided to fight market inflation with its hawkish approach, IMF called for […]
A few weeks ago Bitcoin Magazine published a report on the launch of AKASHA, a blockchain-based social network built on top of Ethereum and IPFS (the InterPlanetary File System). As a followup to the previous report, AKASHA CEO Mihai Alisie spoke to Bitcoin Magazine and said that the idea behind creating a blockchain-based social network came to him and his team as they were looking for ways to use existing technologies such as Ethereum and IPFS to solve bigger problems. The team eventually decided to select the issue of internet censorship as the problem to tackle, and the best way to....
Bitstamp, one of the prominent cryptocurrency exchanges, has announced its decision to terminate Ethereum (ETH) staking services for its US clientele. This move, exclusive to the United States, comes as a result of regulatory challenges in the country’s cryptocurrency landscape. Users are granted a brief window until September 25 to continue earning rewards on their […]