The top cryptocurrency has had a fresh growth spurt, as news of the new fund spreads.
Bitcoin bolster: Asset allocators seem to be fueling digital money’s recovery from its recent crash.
Many institutions, wary of the asset class’s notorious volatility, keep their exposure low despite raw material price climbs.
The digital asset is gaining more acceptance among institutional investors.
Retirement funds and other institutions are gradually warming to cryptocurrencies.
In a time of LDI and other de-risking, they seem less risky than stocks, yet offer decent returns.