CME Bitcoin Futures Will Make Cryptocurrency Inclusion Palatable to Man Group

[kreslik.news]

Man Group Plc, the world’s largest publicly traded hedge-fund firm, will add cryptocurrencies to its investment vehicles as CME Group’s plans to launch Bitcoin futures open the floodgates to institutional investors who have been standing on the sidelines.

Luke Ellis, CEO of the London-based hedge fund that runs $96 billion in total assets, told Reuters on Tuesday that “there are a number of challenges with cryptocurrencies but that doesn’t mean they’re not investable.”

He said that the new contract from the Chicago-based exchange is to provide a regulated trading venue for the cryptocurrency market, thus allowing Bitcoin to be part of their ... (read more)