According to a statement by Morgan Creek Digital other investors in the fund include an insurance company, a university endowment and a private foundation.
Until now many institutional investors avoided the crypto market as a whole, because of the speculations of market manipulations and the general lack of transparency and regulation.
You’re welcome. I really am not sure what are they thinking risking those particular investments like that. Bitcoin lost 75% of its value in the last year alone, cryptocurrencies are a volatile and unregulated. Yes, some people profit a lot, but still.
Seems like the future is here. Who could think that pension funds will go into the crypto currencies. Very interesting experiment I will keep a track of it. I’m also very skeptic about their results, but lets see how far it goes. Very interesting.