Bitcoin price rose as Morgan Creek launches the Cryptocurrency Fund
Bitcoin prices rose Wednesday and hover above $ 7,000, with Morgan Crick Capital announcing the launch of the Digital Asset Index.
Bitcoin rose 2.1% to $ 7,052.5 at 1:35 Eastern Time on the Bitifinex Stock Exchange.
Ethereum rose 2.1% to $ 291.57 on the Bitifinex Stock Exchange.
Similarly Litecoin grew 1.9% to $ 61.57 on Bitifinex.
The Digital Asset Index Fund, which allows investors to access a basket of digital currencies, has a minimum of $ 50,000, according to reports.
Mark Joosco, chief investment officer at Morgan Crick Capital Management, told CNBC on Tuesday that the latest recession in KFH had offered institutional investors “a more rational way to evaluate encrypted transactions.” Yusco said he was still optimistic about the digital currency and believed the digital currency could reach $ 500,000 in the coming years.
In other news, the North American Securities Administration Association (NAASA) said on Tuesday it had expanded its investigation into initial ICO offers, with previous reports showing that ICO had raised $ 12 billion so far in 2018, a jump from 7.4 Billion dollars last year. NASA President Joseph Bourges said: “The culture of compliance must be strong before and not after marketing these products to investors.” “Although every ICO investment or microbial investment is not a scam, it is important for individuals and companies selling these products to realize that they are not doing so in a vacuum,” he said.