The British company Elwood Asset Management, owned by billionaire Alan Howard, shared with Bloomberg plans on development investment, is bound to trade digital assets.
CEO Elwood Bin Ren stressed that the most liquid and adjustable way of attracting institutional investors into the cryptocurrency market, they consider exchange traded funds (ETF).
“Institutionally do not want or can not buy the bitcoin, and for good reasons,” explained Ren.
He did not specify what crypto products will include a line from Elwood, however, promised that they “will cover the full range of cryptocurrency assets.”
Note, the combined state Alan Howard, who is also a co-founder of hedge Fund Brevan Howard Asset Management, is $1.6 billion.
In March 2018, the media reported a “substantial amount” of investment Howard in cryptocurrency.
We will remind, on March 11, Elwood, in conjunction with the American investment company Invesco has launched a blockchain ETF on the London stock exchange.