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Bitcoin Strategy ProFund aims to tackle regulatory barriers for investors

  • July 29, 2021
  • Gordon James
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ProFunds aim to tackle regulatory barriers for investors in the cryptocurrency market. Bitcoin is a digital currency that has gained popularity in recent years. Although the value of the currency is often volatile, the gains can be lucrative. However, it’s important to understand Bitcoin and the risks involved in investing in it, before diving into the market. The ProFund aims to empower investors and educate them about the risks and benefits of Bitcoin.

[Edit: This post was written in 2013, so it’s a bit dated.  But I still think it’s worth looking at.]

For each part of the movie industry, we have to do more: write our scripts, act in plays, become directors, actors, models, photographers, and designers. We have to take all of the knowledge that we learned in class and put it into practice in order to get better and better results.. Read more about when to sell crypto profits and let us know what you think.

 

ProFunds, a US-based investment management company, has launched the Bitcoin Strategy ProFund (BTCFX), one of the first publicly accessible mutual funds or exchange-traded funds (ETFs) that operate in tandem with Bitcoin (BTC). With this service, ProFunds offers an alternative to the conventional ways of storing cryptocurrency through wallets or crypto exchanges. 

ProFunds CEO Michael L. Sapir explained how the company intends to allow investing in Bitcoin performance via mutual funds:

“In contrast to purchasing bitcoin directly, which may require establishing a new account with an unregulated party, this ProFund allows investors to get exposure to Bitcoin via a form and investing technique that tens of millions of investors are already acquainted with.”

BTCFX “principally invests in Bitcoin futures contracts,” avoiding any direct investments in Bitcoin, despite the fact that it offers access to Bitcoin assets in conventional forms. ProFunds also cautioned investors about the dangers of investing in crypto derivatives, citing price volatility and a lack of liquidity as reasons.

With a $10 million reward, the US government goes further into crypto responsibility.

In the United States, the crackdown on crypto companies has increased dramatically. Earlier this month, Cointelegraph reported on the Biden administration’s intention to enhance its tracking capabilities for crypto payments.

The governing government has offered a $10 million reward for information leading to the identification of criminal actors behind cyberattacks on vital infrastructure and ransomware. Binance, a cryptocurrency exchange, has also been scrutinized by the IRS and the Justice Department for unlawful trading operations.

This text is sensitive. Try generating new copy.. Read more about theorem cryptocurrency and let us know what you think.

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Bitcoin Strategy ProFund aims to tackle regulatory barriers for investors

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