Huobi Group launches 4 crypto funds targeting $100M in assets
Cointelegraph
Published Apr 22, 2021 01:00PM ET
Updated Apr 22, 2021 02:40PM ET
Huobi Technology Holdings — a part of the Huobi Group, which includes leading Seychelles-based cryptocurrency exchange Huobi Global — has launched four digital currency funds targeting $100 million in assets by September, setting the stage for wider institutional adoption.
The company said it has already secured $50 million in commitments across the four funds, putting it on target to reach its total assets-under-management target by September. The funds will track the prices of Bitcoin (BTC) and Ether (ETH).
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Written By: Cointelegraph
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