Investment giant managing more than $2 trillion in assets is considering trading spot cryptocurrencies
The company is now exploring the possibilities of the cryptocurrency market and preparing proposals for its investors. The head of the company noted that this process will not be quick.
Pimco already has experience trading securities tied to cryptocurrency. Several Pimco hedge funds currently trade cryptocurrency-related securities. The successful launch of the first Bitcoin futures exchange-traded fund in the United States opened up greater opportunities for the company to “take advantage of price discrepancies between the exchange product and futures”
This became the starting point for us in a narrow segment of our business.
Subscribe to ForkNews on Telegram to stay up to date with news from the world of cryptocurrencies
You May Also Like
Europe's fastest growing tech hub - Zug
The Swiss city of Zug is currently considered the fastest growing technology hub in Europe. The city, home to "Swiss' crypto valley," was named a leading city in London-based global investment firm Atomico's "State of European Tech" report released last week.
Cryptocurrencies could outperform traditional asset classes in 2019
With stock markets and other asset markets experiencing bearish trends, some believe cryptocurrencies have a chance to be the top performing asset next year.
