90% of Canadian Company Rivemont Crypto Fund’s Assets Held by Fiat

90% of Canadian Company Rivemont Crypto Fund’s Assets Held by Fiat
ôîòî ïîêàçàíî ñ : bitcoints.com

2018-7-18 02:56

Canada-based Rivemont Crypto Fund, run by a portfolio management firm Rivemont Investments, holds around 91 percent of its $2.3 million of assets in fiat currency, with only 9 percent in Bitcoin (BTC), Bloomberg reported July 17.
The Rivemont Crypto Fund was founded in December 2017 and is reportedly the only actively managed cryptocurrency fund in Canada.
The fund also plans to invest in initial coin offerings (ICOs) and altcoins like Neo and Dash.
The leading cryptocurrency has pushed beyond yesterday’s peak trading price of $6,679, with the upward trend continuing at press time.
In 2018, only 26 new funds have been established, signalling a possible downtrend in momentum.

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