 | The Swiss financial watchdog FINMA (Financial Market Supervisory Authority) has approved the first investment fund that will invest primarily in cryptocurrency. This is what news agency Reuters wrote on twitter today. While this is some great news, there is a small catch: FINMA says the new fund, the Crypto Market Index Fund, is only available to qualified investors and falls under the category of "other funds and alternative investment funds," and therefore carries certain risks for customers. By certain risks, FINMA means higher risks. [link] [comments] |
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