Private American investment management firm, Soros Fund Management has reportedly entered the cryptocurrency trading ecosystem. According to a report by The Street, sources close to the matter told author, Michael Bodley, that Soros Fund Management’s Chief Investment Officer, Dawn Fitzpatrick permitted the trading of Bitcoin (BTC), in a move designed to boost the firm’s embrace of digital assets in general.
The move by Soros Funds, owned by billionaire investor George Soros, comes as a testament to the shift in demand by mainstream investors across the board. Founded in 1970, the hedge fund, the second established by Soros, bet on emerging markets to grow its assets under management (AUM) to about $28 billion.
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