Bitcoinist.net:

Napoleon Asset Management launch amf regulated crypto fund

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…

Click to continue reading on its source location…

Source: https://bitcoinist.com/napoleon-asset-management-launches-first-amf-regulated-crypto-fund/