Bitcoinist.net:
According to recent reports, France just got a new crypto fund, known as Napoleon Bitcoin Fund, which consists purely out of cryptocurrency.
Napoleon Bitcoin Fund Launches
According to a recent publication by France’s Les Echos, the country recently got its first fully regulated crypto fund, dubbed ‘Napoleon Bitcoin Fund.’ The fund was created by a company known as Napoleon Asset Management, and it allegedly has ties to CME’s (Chicago Mercantile Exchange) cash-settled Bitcoin futures.
The report indicates that the fund was created and dedicated to institutional investors, with a minimum entry of 100,000 euros. Of course, this is not the first time that professional traders in France have had the opportunity to invest in crypto-based financial products, as several firms have already launched similar solutions.
However, Napoleon AM…
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Source: https://bitcoinist.com/napoleon-asset-management-launches-first-amf-regulated-crypto-fund/
