Wells Fargo & JP Morgan launch Bitcoin funds

For their wealthiest clients, according to Coindesk. About a one minute read.

Comment: Curiously, both launched on the same day, and both are passively managed. I’m ok with passive management, Bitcoin generates significant alpha on it’s own. In fact, it would be sorta laughable for someone to suggest an actively managed fund, with it’s higher cost structure, over a simple, hodl strategy. For Bitcoin, at least.

I’m a long term hodler, its really the only approach that makes sense, given Bitcoin’s enforced scarcity, increased utility and sharply growing interest from Institutional Investors.

HODL

HODL is a misspelling of “hold” that refers to a buy-and-hold strategy in the context of bitcoin and other cryptocurrencies.

What is passive investing?

Sometimes we hear the phrase passive investing, but do we really know what it meas? Let’s find out!