British company Elwood Asset Management, owned by billionaire Alan Howard, shared with Bloomberg plans to develop investments tied to trading in digital assets.
CEO Elwood Bin Ren emphasized that they consider exchange-traded funds (ETF) to be the most liquid and regulated way to attract institutional investors to the cryptocurrency market.
“Many institutionalists do not want or cannot buy Bitcoin, and there are reasons for this,” Ren explained.
He did not specify which cryptocurrency products will be included in the line of Elwood, but promised that they "will cover the full range of cryptocurrency assets."
Note that the aggregate state of Alan Howard, who is also the co-founder of the hedge fund Brevan Howard Asset Management, is $ 1.6 billion .
In March 2018, the media reported on the "substantial amount" of Howard's investment in cryptocurrency.
Recall, March 11, Elwood, together with the American investment company Invesco, launched the blockchain-ETF on the London Stock Exchange.
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