Israeli Crypto Company Silver Castle Rolls Out Funds for Institutional Investors

Silver Castle, an Israeli crypto startup, has become the latest company to target institutional investors such as hedge funds with virtual currency-powered investment vehicles, Bloomberg reported over the weekend. The firm launched two digital coins-based funds earlier this month and will develop a third one by the year-end.

The first financial instrument tracks the top 5 cryptocurrencies by market capitalization with an algorithmic trading system. The fund was under in-house testing for several months. Currently, the top five includes Bitcoin (BTC), XRP (XRP), Ethereum (ETH), Bitcoin C…

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