An overnight piece in Bloomberg ICYMI on hedge fund investment in BTC

One River Asset Management "quietly buying more than $600 million in cryptocurrencies"

  • and has commitments that will bring its holdings of Bitcoin and Ether to about $1 billion as of early 2021

Bloomberg link here for more

BTC has been on a surge, large chunks of buying will do that, yeah:

An overnight piece in Bloomberg ICYMI on hedge fund investment in BTC