GoldenTree Asset Management, one of the largest fund management firms, has replenished its balance sheet with the first cryptocurrency.although the exact amount of investment is unknown.
According to The Street, a hedge fund with $45 billion in assets under management bought bitcoin but refusedinvestments in other cryptocurrencies.
GoldenTree has joined the fast growing club of large crypto investors. The company recently took part in financing blockchain giant Borderless Capital.
Major banks such as JPMorgan and Morgan Stanley have already begun offering their clients access to investments in digital assets.
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