Quantitative Fund Kbit: Will Continue to Invest in Cryptocurrencies Despite High ETF Returns
2024-07-26 13:35:26
Quantitative fund Kbit said that while hedge funds are employing proven strategies to profit from the recent influx of U.S. Bitcoin and Ethereum ETFs, it is more profitable to continue investing in the digital asset space. Ed Tolson, founder and CEO of Kbit, said it is necessary to have access to centralized cryptocurrency trading platforms, participate in token trading, perpetual contracts, and derivatives themselves. Kbit manages more than $100 million in assets and uses market-neutral trading strategies that aim to profit from price rises and falls while seeking to minimize overall market risk.
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