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.
Cryptocurrency Hedge Fund Rivemont Is Holding 90% Of Its Assets In Fiat Currencies The Canadian cryptocurrency hedge fund Rivemont, is currently holding 91% of its $2. 3 million dollars of assets in fiat currency.
As market volatility and liquidity fragmentation persist, OTC desks are increasingly used by large traders to execute crypto transactions without disrupting public markets.
On the day Bitcoin finally punched through $100,000, a lot of people did the same thing. They screenshotted it. They sent it to group chats, posted it with rocket emojis, and pulled up old tweets from 2021 to dust off the victory laps they had been saving for years.
On the day Bitcoin finally punched through $100,000, a lot of people did the same thing. They screenshotted it. They sent it to group chats, posted it with rocket emojis, and pulled up old tweets from 2021 to dust off the victory laps they had been saving for years.
Hedera (HBAR) price continues to trade under sustained downside pressure, with technical signals pointing to an elevated risk of capitulation if key support levels fail to hold.