Bitcoin is mounting an uncanny resurgence from the depths of a virtual winter for the cryptocurrency market, with bullish, long-term investors extolling the virtues of digital assets as the opportunity of a lifetime.
Cryptocurrency hedge funds managed three times more in investments in the first quarter of this year than in early 2018, a report showed.
The company already has secured 10 institutional clients, mostly over-the-counter trading desks, plus several hedge funds, crypto businesses and market makers.
Online finance start-up SoFi is moving into cryptocurrency. The San Francisco-based company will allow users to buy digital currencies through a partnership with popular exchange Coinbase.
The Virginia pension funds join a handful of institutions to invest in the crypto world, including Yale University, the second-largest endowment in higher education that invested in a digital assets fund.