Man Group, a UK-based hedge fund, will be getting involved in Bitcoin trading if CME Group’s plans to open a regulated futures exchange are approved. Man Group is “one of the largest hedge funds in the world” and the fund’s website points out that they manage $103.5 bln in funds.
Even a fraction of $103.5 bln could make a big impact on the markets. Man Group’s announcement continues to solidify digital currency as being worth of Wall Street’s attention. Bitcoin in particular is finding more and more acceptance in traditional markets. Likewise, futures markets and hedge fund involvement create more on-ramps into the mainstream financial system and more ways for large but cautious investors to get involved.
The holy grail for retail investors would be an exchange traded fund, or ETF. A Bitcoin ETF would allow ordinary investors to easily gain exposure to Bitcoin by adding it to their brokerage or retirement accounts. Greater acceptance by Wall Street and greater liquidity on regulated futures markets, such as CME’s, will almost certainly usher in an ETF. Read more here... Bitcoin is really coming to town as more and more financial institutions are planning on how they can be able to participate in the action and generate some good returns for their capital. Once the CME's plan for the futures contracts can be approved and operating, it would be that big catalysts for the other players in many parts of the world to also jump into the Bitcoin bandwagon. The legitimacy which many have been craving for would soon be bestowed on Bitcoin (though of course we actually don't need it in the first place) and even Jamie Dimon can even be joining the party!
