Canada-based Rivemont Crypto Fund, run by a portfolio management firm Rivemont Investments, holds around 91 percent of its $2.3 million of assets in fiat currency, with only 9 percent in Bitcoin (BTC), Bloomberg reported July 17.
The Rivemont Crypto Fund was founded in December 2017 and is reportedly the only actively managed cryptocurrency fund in Canada.
The fund also plans to invest in initial coin offerings (ICOs) and altcoins like Neo and Dash.
The leading cryptocurrency has pushed beyond yesterday’s peak trading price of $6,679, with the upward trend continuing at press time.
In 2018, only 26 new funds have been established, signalling a possible downtrend in momentum.
Cryptocurrency Hedge Fund Rivemont Is Holding 90% Of Its Assets In Fiat Currencies The Canadian cryptocurrency hedge fund Rivemont, is currently holding 91% of its $2. 3 million dollars of assets in fiat currency.
As on-chain derivatives continue to expand at record pace, the perpetual DEX sector has entered a phase of intensifying competition. This environment is characterized by record volumes, growing demand for market depth, and heightened user sensitivity toward fees.
One of the most notable on-chain crypto traders, known as 0xFC78, has had his fortunes crucially reversed due to suffering his two recent high-leverage trades.
In the crypto market, the ability to earn and withdraw should be basic expectations—yet many exchanges fail to deliver. A recent experience by a Zoomex user challenges this norm, and his story deserves to be shared.
Shiba Inu price is holding its yearly low while recording a sudden 1,000% surge in burn rate, raising the possibility of a reversal forming at a major support level.
Ethereum price continues to show weak momentum as bearish candles strengthen, increasing the likelihood of a deeper correction toward key lower support levels.