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Staff Trading Policies Draw Line Between Bitcoin, Other Crypto

November 4, 2021

 

Staffers at many funds shops jumping on the Bitcoin bandwagon can buy coins directly without tripping over compliance hurdles, a review of documents shows. But firms are divided on how they restrict or oversee other crypto-related investments.

Fund companies appear to be taking cues from other buy-side and sell-side financial firms that also have policies and distinguish between directly holding Bitcoin versus holding other crypto-related investments reported by Ignites.

Aman Ahluwalia, Managing Director at Foreside, shared that many shops are revisiting the issue in their compliance policies, and their stance may change as a result. Although, it seemed to be less of a problem a year ago.

Click here to learn more about how the appetite for Bitcoin and other crypto-related investments continues to increase, continuing to serve as a catalyst for advisors and fund managers to take a step back and assess their personal trading policies.