U.S. SEC Warns About Mutual Funds' Exposure to Bitcoin (BTC) Futures
On Tuesday, May 11, the U.S. Securities and Exchange Commission (SEC) issued a warning for mutual funds that have exposure to Bitcoin futures and asked its investors to remain extremely cautious about it. With the parabolic rise in the BTC price over the last year, many hedge funds, insurance companies, endowments plans, pension funds, etc have been seeking exposure to BTC and its derivative products.
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