Quantitative Fund Kbit: Despite the high returns of ETFs, it will continue to invest in cryptocurrencies

2024-07-26 21:25:34

Collection

ChainCatcher news, according to Bloomberg, the quantitative fund Kbit stated that while hedge funds are using proven strategies to profit from the recent influx of U.S. Bitcoin and Ethereum ETFs, continued investment in the digital asset space will have greater profit potential.

Kbit founder and CEO Ed Tolson stated that it is essential to access centralized cryptocurrency exchanges to engage in token trading, perpetual contracts, and derivatives themselves. Kbit manages over $100 million in assets, employing a market-neutral trading strategy aimed at profiting from both price increases and decreases while seeking to minimize overall market risk.

(Source Link)

Related tags

Quantitative Fund Kbit

ChainCatcher reminds readers to view blockchain rationally, enhance risk awareness, and be cautious of various virtual token issuances and speculations. All content on this site is solely market information or related party opinions, and does not constitute any form of investment advice. If you find sensitive information in the content, please click "Report", and we will handle it promptly.

New Developments on Bitcoin ETF

Despite mixed and contradictory news regarding the approval process of BlackRock's Bitcoin spot ETF, the market has entered a new round of frenzy as Bitcoin briefly surpassed the $35,000 mark. Will there be further reversals? What other news should be noted?

Column