A Malaysian Bitcoin exchange-traded-fund (ETF) will be the first insured fund to launch in the South East Asia (SEA) region. The launch comes as the first in the region, which sees growing institutional interest in the cryptocurrency space.
The fund, named BCMG Genesis Bitcoin Fund-I (BGBF-I), will also offer investors insurance. This acts as an additional safety-net for investors who decide to invest in Bitcoin (BTC), an already extremely volatile asset.
Indeed, managed cryptocurrency ETFs already offer some risk management features; they provide limited exposure to cryptocurrencies by their very nature.
In BGBF-I’s case, Hong-Kong-based regulatory compliance company, Alpha Calibration, administers the fund. Moreover, HLD Hodgson, also based in Hong Kong, provides regular audits.
