Cryptocurrencies
Canada's Only Actively Managed Crypto Fund Is 90% in Cash
- Manager is closely watching Bitcoin’s 30-day moving average
- Sees the currency hitting new highs in next couple of years
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Cash is king for Canada’s only actively managed crypto fund.
The Rivemont Crypto Fund, run by Rivemont Investments, had about 91 percent of its C$3 million ($2.3 million) of assets in cash as of July 13, with the remaining 9 percent in Bitcoin, according to its latest weekly update on Facebook.