According to a recent press release from IDEG Investment Limited, “Asia’s First Bitcoin Trusts” have been launched “as a traditional and comfortable way for ‘old money’ to invest in digital assets.” The two trusts, Asia Bitcoin Trust I and Atlas Mining Trust I, reportedly allow for investors to gain wrapped exposure to bitcoin and to participate in mining profit sharing, respectively. The total size of the trusts, according to IDEG, stands at $200 million, with Coinbase Custody acting as custodian for both.
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New Trusts for the Asian Market
IDEG, a “trading platform that bridges the worlds of fiat currencies and digital assets” made a formal press announcement posted to ACN Newswire Dec. 8, stating: “IDEG Investment Ltd, a professional digital asset management company, announced on Nov. 27 in Hong Kong the launch of Asia Bitcoin Trust I and Atlas Mining Trust I, two trusts designed as a traditional and comfortable way for ‘old money’ to invest in digital…