Due to its availability bitcoin has become popular among smaller investors, but remains a vacant niche for larger funds and companies.
Analysts from Reuters have come to this conclusion, having found out, that family offices, mutual funds and traders at hedge funds look with favour on cryptocurrency.
Ledger Partners didn’t estimate the bitcoin assets of institutional investors, but according to Millar, they seem to be insignificant, compared with smaller investors. The latter have fewer limitations in terms of fund allocation.
At the same time funds, focusing on bitcoin investments, are relatively small. The largest among them is California-based Pantera Bitcoin Fund. Assets of the company are estimated at $160 million. It is open for private customers and institutions that are ready to invest $50 000 and more. This fund was founded in July 2013, and since then bitcoin price has increased by more than 500%. The investment portfolio of Pantera Bitcoin Fund includes such companies as 21 Inc., Abra, Align Commerce, Bitstamp, Ripple Labs and Xapo.
Talking about more traditional funds that work with cryptocurrency, according to New-York-based family office Ledra Capital, customers on average invest 1 to 3% of their assets in bitcoin.
