First US bitcoin mutual fund launched by $ 60bn fund manager

The first publicly traded U.S. investment fund, which typically tracks the price of bitcoin, was launched by a $ 60 billion fund manager.
In a press release this morning, ProFunds announced the launch of its Bitcoin Strategy ProFund (BTCFX). It would be the first publicly traded U.S. investment fund to typically track the price of bitcoin.

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Because this investment fund, which массовостью and much easier access and general manager of the ProFunds Шапир Michael said, ” compared with direct buy bitcoins may contain an opening a new account unedited on the other hand, investors with investments in shape and profund биткойнам able to access this method, which has tens of millions of investors are familiar with”.
“It has become the main asset class and our new Bitcoin Strategy, ProFund, offers investors access to bitcoin strategy through the Mutual Fund,”said Michael Shapir, speaking about the growing demand for the bitcoin mutual fund.
For now, Bitcoin Strategy ProFund is investing in bitcoin futures contracts, and the fund doesn’t have actual bitcoins, creating two degrees of decoupling between investors and SATS, where they are increasingly shielding against inflation.
The new mutual fund offers investors access to the price of bitcoin without having to manage the hardware wallet or currency storage solution separately. While the minimum investment limit in the fund is $ 1000, it is more than 1,000 times the cost of buying bitcoin or SATS directly and more than twice the present value of ledgerx mini futures contracts.01 btc). 

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