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$265 Billion Asset Manager Exploring Bitcoin and Ether Products

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Fri, 11/05/2021 - 20:16
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Alex Dovbnya
IGM Financial is still on the fence about cryptocurrencies
$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.  

Related
JPMorgan Names Key Reasons Why Ether Is Superior to Bitcoin
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. 

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.