There are now more than 120 hedge funds focused solely on bitcoin, digital curre

[StockBet.com]

There are now more than 120 hedge funds focused solely on bitcoin, digital currencies
https://www.cnbc.com/2017/10/27/there-are-now-more-than-120-hedge-funds-focused-solely-on-bitcoin.html

• Data shared exclusively with CNBC from financial research firm Autonomous Next shows the number of funds investing in digital assets like bitcoin has grown rapidly to 124.
• Autonomous Next also estimates that the "crypto-funds" have about $2.3 billion in total assets under management.
• While several leading Wall Street banking executives remain skeptical about bitcoin, more seasoned money managers are moving into digital assets management.

Another step towards going mainstream.

[squatz1]

I don't really like the term of hedge funds on this, as it would make people think that normal day to day people are getting involved in investing in Bitcoin and Other Cryptos. This isn't the case, the people who are investing in Bitcoin COMPANIES are the venture capitalists who are trying to make a killing, the article even mentions that.

And while I do think it is nice for companies to be getting involved in Bitcoin, it does make people not want to get involved in Bitcoin as it is a high risk investment and is straying away from its original goal of just being a currency.

[Dodoymabs]

This is because they just want their bitcoin to be stable.People who are afraid of volatility do hedge but its disadvantage is they would be getting less profit and this could lead increase in bitcoins demand as a result it keeps bitcoin to increase.Hedge is good but if many more leople do hedging maybe it can create of lack of bitcoin.

[Hallmader]

There are now more than 120 hedge funds focused solely on bitcoin, digital currencies
https://www.cnbc.com/2017/10/27/there-are-now-more-than-120-hedge-funds-focused-solely-on-bitcoin.html

• Data shared exclusively with CNBC from financial research firm Autonomous Next shows the number of funds investing in digital assets like bitcoin has grown rapidly to 124.
• Autonomous Next also estimates that the "crypto-funds" have about $2.3 billion in total assets under management.
• While several leading Wall Street banking executives remain skeptical about bitcoin, more seasoned money managers are moving into digital assets management.

Another step towards going mainstream.

Some others are throwing stones at bitcoin but their companions and counterparts are already showing signs that they are also attracted into bitcoin. Sooner or later, these so-called bank executives will also invest a considerable amount in bitcoin. They are just trying to test the waters whether bitcoin's foundation will shake with their negative pronouncements. They know that however badly they attack bitcoin, the value of bitcoin will always rise because of the support of the people.

[Pearls Before Swine]

I think this is very cool, though it still doesn't convince me that bitcoin isn't in a
bubble.  I do agree that it's good to have that type of mainstream acceptance,
and when the big shots are investing in crypto...well, that explains a little as to
why we shot up to $6000, doesn't it.

Are there any bitcoin futures or derivatives in existence?  I find it hard to
believe that hedge funds, which usually have billions of dollars of capital, are
actually buying bitcoin straight out.  Usually they buy options and stuff like
that.  Could be wrong, but that was my understanding.