Bitcoin Prices Lead EXANTE Distributed Fund to Financial History

The surge in prices of bitcoins haven’t only enriched early adopters, but have also led to a Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term based fund to become rated as the best performer over the last twelve months. Distributed through EXANTE, a Malta based financial marketplace that matches investors with hedge funds and asset managers, as of November 18th, the Bitcoin Fund has returned 4874% over the last 12 months.

Similar to an ETF, the Bitcoin Fund matches prices in bitcoin prices by acquiring increments in the digital currency similar to its holding. According to EXANTE, current assets under management of the fund have reached $35 million, with managers charging a 1.75% management fee and 0.5% transaction fee to invest. In its public statement about performance in the fund, EXANTE added that the licensed offering provides an “easy, secure, rapid and real-time access to the vibrant bitcoin market with a unique licensed/regulated product. Since the bitcoin virtual currency was first launched in 2009 and achieved its initial success, institutional investors and hedge fund managers have secretly sought a regulated investment vehicle for bitcoin placements. EXANTE provided this solution by giving simple access to the Bitcoin Fund.”

While not publicly traded on an Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term, the Bitcoin Fund is similar to the exchange based product that was filed by the Winkelevoss twins with the SEC, but has yet to be publicly floated on an exchange.

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