While commenting on the development, the co-Founder of Vault Digital Funds Janine Grainger explained that investors would have the opportunity to add Bitcoin to their portfolio without having to own it directly through the fund.
Meanwhile, Chief Executive and co-founder of Vault Digital Funds Vinnie Gardiner warned investors of the potential risks associated with the cryptocurrency market.
Many institutions have moved to embrace the flagship cryptocurrency by either offering crypto-related services to their clients or by adding it to their portfolios. For instance, banking giant JPMorgan Chase (NYSE:JPM) & Co launched a crypto investment product back in March, after years of predicting the demise of Bitcoin. Other banking giants like Goldman Sachs (NYSE:GS) and Morgan Stanley (NYSE:MS) have also joined the Bitcoin bandwagon.
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Source: Cryptocurrency - investing.com
