Thursday, February 29, 2024

Wells Fargo & JP Morgan launch Bitcoin funds

By DAC000 , in Bitcoin investment , at August 20, 2021 Tags: ,

For their wealthiest clients, according to Coindesk. About a one minute read.

Comment: Curiously, both launched on the same day, and both are passively managed. I’m ok with passive management, Bitcoin generates significant alpha on it’s own. In fact, it would be sorta laughable for someone to suggest an actively managed fund, with it’s higher cost structure, over a simple, hodl strategy. For Bitcoin, at least.

I’m a long term hodler, its really the only approach that makes sense, given Bitcoin’s enforced scarcity, increased utility and sharply growing interest from Institutional Investors.