647: FIRST U.S. BITCOIN MUTUAL FUND LAUNCHED BY $60 BILLION FUND MANAGER!!!!!

<p>The first publicly available U.S. mutual fund that generally tracks the Bitcoin price has been launched by a $60 billion fund manager.</p> <p>In a press release this morning ProFunds announced the launch of its Bitcoin Strategy ProFund (BTCFX). This will be the first publicly available U.S. mutual fund that generally tracks the price of Bitcoin.</p> <p>On the ease of access and mass exposure that this mutual fund will provide, ProFunds CEO Michael Sapir said that “Compared to directly buying bitcoin, which may involve opening a new account with an unregulated party, this ProFund offers investors the opportunity to gain exposure to bitcoin through a form and investment method that tens of millions of investors are familiar with.”</p> <p>On the increased demand for a Bitcoin mutual fund, Michael Sapir commented it “has become a significant asset class, and our new Bitcoin Strategy ProFund provides investors access to a bitcoin strategy through a mutual fund investment.”</p> <p><span style= "font-family: -apple-system, BlinkMacSystemFont, 'Segoe UI', Roboto, Oxygen, Ubuntu, Cantarell, 'Open Sans', 'Helvetica Neue', sans-serif;"> For complete show notes and for the full premium experience with video, visit our YouTube channel at <a href= "http://cryptonewsalerts.net">http://CryptoNewsAlerts.net</a></span></p>