The first European fund that invests in bitcoins is born

The fever for cryptocurrencies comes to the asset management industry. The TOBAM manager has launched the first European investment fund that invests in bitcoins. This is the TOBAM Bitcoin Fund and the format chosen for this product is that of an unregulated alternative investment fund aimed at qualified and institutional investors.

From the manager explain that of all the cryptocurrencies that have been created in recent years, Bitcoin is the one that achieves the capitalization and broader trajectory, while more liquid. However, despite the growing interest in digital currency, they explain, the current solutions to access bitcoin pose many difficulties for investors.

Despite the debate that exists about whether or not there is a bubble in bitcoin, from TOBAM believe that this cryptocurrency (and others, in general) has the potential to last in the financial markets. "While it is prone to significant risks, including high levels of volatility, it also provides the benefit of diversification," they explain. To reduce them, TOBAM relies on the technology it has developed over the past 12 years to support the structure and operation of this fund.

"We have carried out research from a technical, financial, economic and regulatory point of view on bitcoin for one year before the launch of this fund," explains Yves Choueifaty, president of TOBAM. "This first movement in the world of cryptocurrencies," he continues, "shows our dedication to remain at the forefront and offer our customers innovative products."