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

09 May Bixin Global Announces 66 Million USD Global Fund Of Funds For Cryptocurrency

Posted at 01:46h in Cryptocurrency News by

Saturday, 9 May 2020, 6:32 am
Press Release: 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 dominated
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…

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