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ProFunds, With $60 Billion AUM, Launches The First Bitcoin Mutual Fund In The U.S.
Summary: ProFunds, the main provider of mutual funds, announced the launch of the first Bitcoin Strategy Mutual Fund---Bitcoin Strategy ProFund (BTCFX)--which mainly invests in Bitcoin futures contracts and does not directly invest in BTC. This is the first publicly issued U.S. mutual fund or ETF, investors do not need to access Bitcoin through unregulated exchanges or ...
ProFunds, the main provider of mutual funds, announced the launch of the first Bitcoin Strategy Mutual Fund---Bitcoin Strategy ProFund (BTCFX)--which mainly invests in Bitcoin futures contracts and does not directly invest in BTC.
This is the first publicly issued U.S. mutual fund or ETF, investors do not need to access Bitcoin through unregulated exchanges or wallets and have another easy way to add digital assets to their investment portfolios.
Founded in 1997, ProFunds has more than 20 years of experience in managing the most innovative diversified funds, the company and its affiliates manage approximately $60 billion in assets for global investors.
By Mary Liu
Tags: Bitcoin,Bitcoin Strategy ProFund,Mutual Fund,ProFunds
Link: ProFunds, With $60 Billion AUM, Launches The First Bitcoin Mutual Fund In The U.S. [Copy]
