Crypto Investment Funds Announced By CoinShares Groupbr>
The CoinShares Group is launching two new investment vehicles tethered to cryptocurrencies.
The company said that the CoinShares Active Fund – a multi-coin, alpha-generating, active strategy – and CoinShares Large Cap Fund – a passive, large-cap, basket fund – represent a natural evolution of market approaches based on the current trajectory of the crypto-asset economy.
Coinshares is the company behind the first bitcoin and ether exchange traded notes – issued by XBT Provider AB – and the world’s first regulated bitcoin strategy. The Coinshares team is composed of alumni from JP Morgan, Lehman Brothers & State Street, and has a near-two-decade record in alternative investment management. It focuses on providing investment vehicles tied to the emerging market of crypto-assets.
Coinshares Group chairman Daniel Masters believes the firm has great experience with crypto-investment products and said that the company looks forward to offering the new funds.
“As a group, we have developed a deep expertise in bringing new, fit-for-purpose crypto-investment products to market,” said Masters. “Products which offer traditional investors proper, fair channels to access the crypto-asset ecosystem. We are particularly excited for these two new funds, as they represent the latest evolution of our expertise and are built on key learnings from the last three years of managing crypto-asset investments.”
The company also announced the opening of a London office as it seeks to establish itself in jurisdictions where crypto regulation is evolving, and to work with regulators in this area.
“As one of the European leaders in crypto-finance, we have a responsibility to lead by example, and, as a group, we believe that the crypto-finance community should seek more regulation, not run away from it. This London office is a proper step in upholding that belief,” said CoinShares UK CEO Ryan Radloff. “There is still a lot of work to be done on regulation in crypto-finance, and we look forward to working with regulators throughout the process.”