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Rivemont Crypto Fund Holds Its Assets in Cash

Rivemont Crypto Fund Holds Its Assets in Cash

Rivemont Crypto Fund, a Canadian company owned by Rivemont Investments, keeps approximately 91% of its assets – $2.3 million – in fiat currency, and only the insignificant rest in Bitcoin.

Rivemont Putting an Eye on the Altcoins

Rivemont Investments offers investment strategies basing on the market’s volatility. Its subsidiary Rivemont Crypto Fund, established in December 2017, is the only active cryptocurrency fund in Canada, according to the official data. The fund trades Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Ripple (XRP), Bitcoin Cash (BCH), and Ethereum Classic (ETC), and is registered in 3 provinces with the Ontario Securities Commission, the Alberta Securities Commission, and the British Columbia Securities Commission.  Rivemont Crypto Fund is considering investments in Initial Coin Offerings (ICOs) and alternative coins such as Neo and Dash.

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Fidelity Investments to Work With Digital Assets

Fidelity Investments to Work With Digital Assets

One of the largest corporation for asset managing in the world, Fidelity Investment, decided to step out the fear and step in the future of the crypto industry.

The corporation is going to provide security and storage services, trade execution and customer service for digital asset.

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