Bitcoin's institutional boost: Where now following launch of UK's first long only crypto fund?

Asset managers slowly flocking to cryptocurrencies

Matthew Morris of Carr Consulting & Communications

Matthew Morris of Carr Consulting & Communications

One of the criticisms levelled at Bitcoin is that it is a speculation tool for gullible consumers and not something that professional investment and wealth experts would consider seriously.

However, January brought with it big news in the form of an announcement by Fidelity and Nickel Digital Asset Management that they have launched the first long-only institutional Bitcoin fund in the UK, the Nickel Digital Gold Institutional fund. Bitcoin versus the FCA According to the firms there has been growing institutional interest in Bitcoin over several months as fund managers search for yield in an ultra-low interest rate environment. Meanwhile, the stockmarket appears to be well overdue for a correction (or a crash depending on how gloomy your outlook) having been overinfl...

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