Argentium Digital Asset Management, a London-based cryptocurrency hedge fund founded by ex-JP Morgan and Credit Suisse manager Paul Frost-Smith, has committed to a carbon-neutral investment approach.
Bitcoin latinum, the next-generation insured bitcoin fork capable of massive transaction volume, digital asset management, cyber security, and capacity has announced a green initiative to achieve a carbon net-zero footprint, as a commitment to sustainable environmental practices and support of the Crypto Climate Accord.
Well-known hedge fund bear Russell Clark is questioning how valuable bitcoin is under the stock-to-flow model, a framework traditionally used for precious metals such as gold and platinum, in light of recent sharp price volatility.
Digital investment specialist firm Osprey Funds, has seen interest from hedge fund managers in its bitcoin trust, OBTC, which was launched last year, and now has assets of USD160 million.
The soaring price of bitcoin is putting the world’s foremost cryptocurrency on a direct collision course with ESG-focused investments, as allocators increasingly want portfolios to be managed responsibly, says Robert Furdak, chief investment officer for ESG at Man Group.
New data released by Trading Platforms indicates that it costs USDF25.2 million per day in electricity to process bitcoin transactions. The consumption cost is based on bitcoin’s 30-day average transaction of 328,418 as of 17 January, 2021, and the energy footprint per 1 BTC transaction confirmation of 612 kWh equivalent to USD76.74.
As more hedge funds pile into cryptocurrencies, market inefficiencies and price dispersion are bringing fresh arbitrage opportunities for managers.
As more hedge fund firms pile into the digital asset and cryptocurrency space, analysts at the London-listed hedge fund giant Man Group say bitcoin’s recent volatility could be seen as “price discovery” in a new asset class, which will ultimately give way to greater stability in the currency, and more credibility among investors.
EQUOS, the cryptocurrency exchange of digital assets financial services company Diginex Limited, has launched Bitcoin (BTC) Perpetual Futures Contracts.
Alternative investment firm SkyBridge Capital has launched of the SkyBridge Bitcoin Fund LP, which provides mass-affluent investors with an institutional-grade vehicle to gain exposure to Bitcoin.