RATE Group | Bixin Global Announces 66 Million USD Global Fund of Funds for Cryptocurrency
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Bixin Global Announces 66 Million USD Global Fund of Funds for Cryptocurrency

08 May Bixin Global Announces 66 Million USD Global Fund of Funds for Cryptocurrency

Posted at 08:30h in Cryptocurrency News by

HONG KONG, May 8, 2020 – (ACN Newswire) – Bixin Global, one of China’s largest cryptocurrency custody and mining operators, has launched a proprietary Fund of Funds amounting to 6600 BTC, or approximately USD 66 million. This announcement comes alongside the anticipated BTC Halving, as different stakeholders make various preparations for its arrival. The 6600 BTC fund seeks to empower global crypto quant funds by providing additional resources for liquidity providers and market making activities.

Bixin’s Fund of Funds is BTC denominated with the main goal of increasing BTC holdings by investing in global quant funds. The strategies that the quant funds can utilize will be based on arbitrage, CTA and trend analysis. Bixin Global also welcomes exploring mutually beneficial partnerships with other firms on mining management, cloud mining and mining fund sectors.

Bixin Global has an unwavering commitment to Bitcoin and provides robust financial services for the cryptocurrency industry…

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