Amidst the regulatory uncertainty in the United States, the crypto space is still finding takers, and adoption continues to grow. The newest name on t
he list is the billion-dollar asset manager CoinShares, which is taking a different step in the country.With over $2.5 billion worth of assets under management, CoinShares is among the biggest asset managers in Europe. The firm is now making a move in the United States to onboard American investors with a new hedge fund division.
The launch of the hedge fund comes weeks after the asset management firm filed to launch two feeder funds, which would focus onInterestingly, Mognetti clarified that the hedge fund is not an attempt by CoinShares to capitalize on the return. She iterated, The launch comes at a time when regulatory scrutiny is at its peak; however, the recent surge of support for crypto markets and the increase in anti-SEC groups is a boon to the hedge fund.According to the CoinShares weekly, institutional investors seem to be losing confidence in the market. For the past eight out of nine weeks, the market has only seen outflows at the hands of institutions.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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