United Kingdom-based asset management company Elwood Asset Management is looking to increase its cryptocurrency offerings after co-launching a blockchain exchange-traded fund (ETF), Bloomberg reported on March 12.
Now, the company told reporters that it is already eyeing what else it could offer institutional investors eager to gain exposure to the cryptocurrency arena.
“The only way for institutions to get meaningful exposure to digital assets has been to buy Bitcoin, but many are reluctant or unable to buy Bitcoin – and for good reason,’’ CEO Bin Ren commented to Bloomberg, adding:
“An ETF gives a highly liquid and regulated way to gain exposure. This is the right point to start.’’
Ren did not mention specific products or services Elwood could offer.
Cryptocurrency investment products continue to gain both uptake and publicity, a trend which is contrasted by the still patchwork regulatory climate, which makes serving large numbers of clients vary in difficulty depending on jurisdiction.