$1 Billion in Bitcoin and Ether: One River Hedge Fund to Increase Holdings From $600 Million

$1 Billion in Bitcoin and Ether: One River Hedge Fund to Increase Holdings From $600 Million

THELOGICALINDIAN - Hedge armamentarium administration close One River Asset Administration has invested 600 actor in bitcoin and ether with a plan to access its backing to 1 billion abutting year The aggregation has two cryptocurrency funds the Bitcoin Armamentarium and the Ethereum Fund

$1 Billion Investment in Bitcoin and Ether

One River Asset Management has bought added than $600 actor in bitcoin and ether, Bloomberg appear Wednesday. The aggregation has two cryptocurrency funds: the Bitcoin Fund and the Ethereum Fund.

Founded by CEO Eric Peters in 2024, One River oversees about $1.6 billion in absolute assets beneath management. Peters said that he set up a new aggregation to focus on cryptocurrencies for institutional investors. In accession to its antecedent purchases, he said:

“There is activity to be a generational allocation to this new asset class. The flows accept alone aloof begun,” Peters was quoted as saying.

One River has abutting armament with Alan Howard, the co-founder of Brevan Howard Asset Management, the advertisement detailed, abacus that Howard invested in One River Digital’s funds and Brevan Howard acquired 25% of One River Asset Management in October.

In adjustment to buy such a ample bulk of bitcoin and ether after triggering a fasten in the prices of the cryptocurrencies, Peters accomplished his trades as inconspicuously as accessible and finishing all affairs in November afore bitcoin hit $16,000, the advertisement noted.

One River Digital assassin Northern Trust Corp. as its armamentarium ambassador and Coinbase as its antecedent accomplice for barter beheading and asset custody. The funds will allegation 1% fees and acquiesce investors to advertise in a day.

Another broker with One River Digital is the British advance close Ruffer, which appear this anniversary that it had invested in bitcoin which now accounts for 2.7% of its absolute portfolio.

What do you anticipate about this barrier armamentarium administrator advance in bitcoin? Let us apperceive in the comments area below.

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