There's no doubt that the headwinds are disappearing... I think you'll see more of this institutional adoption," said Alex Pollak, head of UK and Israel at 21Shares, a Swiss cryptocurrency exchange traded product provider.
Cartwright has been speaking to two multiemployer pension funds about setting up a bitcoin fund for investors to opt into if they so choose, so that the funds would not lose members looking for crypto exposure.
AMP portfolios took the plunge and made a modest allocation to bitcoin futures," said Steve Flegg, a senior portfolio manager at AMP. "We generally thought that even though crypto is risky, new and not yet fully proven, that it had become too big, and its potential was too great to continue to ignore.
While the pensions industry was 'slow moving' he expects this year to be 'very interesting' in terms of schemes deciding to allocate more to crypto, said Sam Roberts, director of investment consulting at Cartwright.
Collection
[
|
...
]