Coin Report – This week, a new bitcoin hedge fund called Coin Capital Management will be launching. The fund will buy and hold onto the digital currency in a grade A institutional environment.
Managing partner and founder of the New York-based firm, Samuel Cahn, shared his enthusiasm over the new fund. Cahn said: “We are pretty excited about Bitcoin…it is an exciting payment technology. We are fully dedicated to holding Bitcoin, and we are the first ones to do so in an institutional grade hedge fund using the same types of checks and balances that investors have come to expect.”