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$265 Billion Asset Manager Exploring Bitcoin and Ether Products

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Fri, 5/11/2021 - 20:16
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$265 Billion Asset Manager Exploring Bitcoin and Ether Products
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Canadian asset management giant IGM Financial is mulling over launching Bitcoin and Ether products, Bloomberg reports.

The decision on whether or not the company will venture into cryptocurrencies hasn’t been finalized yet, according to CEO James O’Sullivan.

There is no tentative launch date for the products, but they are expected to be rolled sometime next year if IGM Financial decides to move forward with its crypto ambitions.  

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The wealth manager boasts more than $265 billion worth of assets management.

Back in February, Canada became the first country to approve and launch a Bitcoin exchange-traded fund, setting the stage for global adoption. 

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

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