The crypto market looks pretty good at the moment with Bitcoin trading in the green, just like the other important digital assets.

At the moment of writing this article, the most important coin out there is priced at $6,922.93.

Hedge Fund giant to enter the Bitcoin futures market

Hedge fund giant Renaissance Technologies is managing about $166 billion in regulatory assets, and they are ready to enter the world of Bitcoin futures.

In a new filing with the US SEC, the fund reveals that it gave the green light to the $10 billion flagship Medallion fund to enter the BTC futures market.

You can check out the complete filing.

The company said that there are definitely some risks that come with investing in Bitcoin.

They described the king coin as a new and speculative asset due to the limited history, decentralized system, and also lack of recognition as a legal tender. Not to mention the issues regarding fraudulent transactions.

“Investment results may vary substantially over time. These instruments involve substantially more risk and potential for loss relative to more conventional financial instruments,” according to official notes.

The filing continues and explains that “Investments of this type should be considered substantially more speculative and significantly more likely to result in a total loss of capital than many other investments.”

Interest in Bitcoin is on the rise

The crypto market is making huge efforts to recover following the massive fall from back in March.

Interest in Bitcoin is reportedly on the rise these days amidst the global crisis triggered by the coronavirus pandemic and the collapse of the traditional financial system.

Not too long ago, it’s been revealed that crypto hedge fund Three Arrows Capital said that crypto traders and analysts are underestimating the impact that Bitcoin’s halving will have on the market.

Su Zhu explained that he’s expecting that the halving, which is scheduled for the next month to trigger an important supply shock that will increase the buy-side pressure.

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