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.
