The US Securities and Exchange Commission (SEC) has blocked the way to approving several exchange traded funds (ETFs) whose assets include bitcoin and other cryptocurrencies. The regulators believe such financial products do not conform to rules, aimed at protecting ordinary investors. … [Read more...] about SEC stands in the way of cryptocurrency ETFs
French asset management company TOBAM launches bitcoin mutual fund
A small Paris-based asset management firm TOBAM (~ $9 billion of assets under management) announced on 22 November, 2017 that it had launched a bitcoin mutual fund, the first of its kind in Europe. The fund has been approved by France's financial regulator, the Autorite des Marches Financiers (AMF), and is classified as an alternative investment fund. … [Read more...] about French asset management company TOBAM launches bitcoin mutual fund