Bitcoin futures are all the rage right now, with CME poised to launch contract trading in a matter of weeks. Their arrival will enable investors to speculate on the price of bitcoin without having to actually hold the cryptocurrency. Now, Britain’s Man Group The World's Largest Publicly Traded Hedge Fund be next to get in on the act, with CEO Luke Ellis saying they expect to emulate their transatlantic counterparts.
Futures For All
With $103.5 billion under their control, Man Group carry some clout. Last year the London-based firm of 1,250 employees reported revenue of $827 million. If the active management business were to jump on the bitcoin bandwagon, it would be another major boost for the cryptocurrency.
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