Asian Investment Company IDEG Launched Two Bitcoin-Trusts

IDEG Investment, Asian asset management company, has informed about the launch of Bitcoin-trusts – Asia Bitcoin Trust I and Atlas Mining Trust I, whose general volume will make up $200 mln, as bitcoin doubler 2x has found out.

Asian Investment Company IDEG Launched Two Bitcoin-Trusts - invest with bitcoin doubler 2x
Asian Investment Company IDEG Launched Two Bitcoin-Trusts – invest with bitcoindoubler2x.com

Unlike products with passive management, like Grayscale Bitcoin Trust, at Asia Bitcoin Trust I will be introduced active management. Traders of IDEG are going to realize various risk hedging strategies, and also to use arbitrage trading with an aim of “effective control of drawdown risks”.

As Kevin Yang, the CEO of IDEG, has told, the second investment product Atlas Mining I will let receiving profit from Bitcoin mining. Let us note that annual income of mining companies reaches from $4 bln to $8 bln.

“Mining business is quickly evolving, more and more large companies enter this sphere. Individual mining has almost disappeared, because institutional miners prevail in all aspects, whether it is initial investments, operating expenses, risk management or operational management. That`s why, their profit is much higher”, – the founder of IDEG Raymond Yuan stressed.

Coinbase`s office Coinbase Custody will provide custodian services for IDEG Investment. At the current moment it is one of the largest suppliers of custodian services, and its storage holds more than 900 000 BTC.

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