Californian Asset Management Firm Reality Shares to Launch $100 Million Crypto Hedge Fund
Reality Shares, the asset management firm based in California, is reportedly launching a $100 million cryptocurrency hedge fund according to Business Insider. Reality Shares has suggested the crypto hedge fund will be comprised of a mix of strategies such as arbitrage, venture capital and directional initiatives to obtain $25 million for the fund. A portion of the fund will be used directly to buy and sell crypto.
In June 2018, the company developed the first blockchain based exchange-traded fund (ETF) in China, the Reality Shares Nasdaq NextGen Economy China ETF (BCNA) which will back blockchain companies based in China. This ETF will monitor long-term growth, tracking investment returns as well as fees and expenses of the Reality Shares Nasdaq Blockchain China Index; which is comprised of blockchain companies situated in China and Hong Kong.
According to reports conducted by Crypto Fund Research before 2014, 88 crypto funds had been launched: 32 in 2014, 30 in 2015, 42 in 2016 and 156 crypto funds launched in 2017. This year has seen 96 cryptocurrency funds launched with a projection of 165 by the end of the year. This is an increase year on year suggesting more money is entering the market. More investment can increase the price of bitcoin and other cryptos; causing people to both buy and sell cryptocurrency.
Bitcoin is still in an earlier stage of venture causing major fluctuations to its price. Many investors are hesitant to invest in cryptocurrency due to the volatile nature. Many regulations are still to be implemented before major investment enters with regulators taking a relaxed approach so as to not stifle innovation.
We are still seeing new investment enter the market everyday with many more projects planned. These venture funds will bring in new capital potentially instigating more trades or people to cash out crypto.
For all the latest news on the markets or to sell your bitcoin, head over to BC Bitcoin.
Dear valued BC Bitcoin UK Clients,
I hope this email finds you well. We are reaching out to inform you of some significant changes to our services that directly impact our operations within the United Kingdom. Regrettably, due to the recent regulatory developments introduced by the Financial Conduct Authority (FCA) and the implementation of the new Financial Promotions Regime, BC Bitcoin is no longer able to offer our services to clients based in the UK. This very difficult decision is in compliance with the regulatory framework and ensures that we uphold the highest standards of transparency and legality. You can view the FCA publication here: https://www.fca.org.uk/publication/finalised-guidance/fg23-3.pdf As a result, we would like to inform you of the following changes and provide guidance on how to manage your assets with BC Bitcoin:
1. **Service Termination for UK Clients:**
BC Bitcoin will no longer be able to accept new purchase orders from clients residing in the United Kingdom.2. **Continued Operation Outside the UK:**
Despite the changes within the UK, BC Bitcoin will continue to operate outside of the UK as normal. Our services will remain unaffected for clients in other regions.3. **Withdrawal of Assets:**
For our UK clients holding assets with BC Bitcoin, we want to assure you that your assets are secure. You have the option to safely withdraw your assets or exchange them to GBP or EUR and subsequently withdraw. We have streamlined the withdrawal process to ensure convenience for our clients.4. **Conversion of Assets:**
To convert your Holdings to fiat please log in to your BC Bitcoin account and submit a sell order for the amount of coin you hold with us. During the process you will shown how much you will receive and asked the bank details you wish to receive payment to. In addition, you can request the conversion by emailing info@bcbitcoin.com from your registered email address. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process.5. **Withdrawal Procedure:**
To initiate a withdrawal, please email your request to info@bcbitcoin.com from your registered email address. You may be asked some security questions to verify your identity. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process. These changes are effective immediately, and we appreciate your understanding and cooperation during this transitional period. We understand that this may be an inconvenience for our UK clients, and we sincerely apologise for any disruption this may cause. Thank you for being a valued part of the BC Bitcoin community. We are committed to providing you with a seamless experience as we navigate through these regulatory changes. If you have any questions or concerns, please do not hesitate to reach out to our customer support team at info@bcbitcoin.com Kind Regards