Altcoins Talks - Cryptocurrency Forum
Learning & News => News related to Crypto => Topic started by: Tnoy30 on October 21, 2021, 10:09:40 AM
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Institutional asset managers have been slower to embrace cryptocurrencies than retail traders, but their adoption is growing rapidly.
Fixed-income manager PIMCO is planning to increase its exposure to digital currencies such as Bitcoin (BTC) after dabbling in the asset class through crypto-linked securities, offering the latest evidence that major institutions are starting to embrace the emerging asset class.
In an interview with CNBC on Wednesday, chief investment officer Daniel Ivascyn confirmed that PIMCO already has exposure to “crypto-linked securities” through various hedge fund portfolios.
Source: BREAKING: $2.2T asset manager PIMCO plans to buy more crypto
(https://cointelegraph.com/news/breaking-2-2t-asset-manager-pimco-plans-to-buy-more-crypto)