• 34ºc, Sunny

Blockstream has announced the establishment of an asset management division that will develop a bitcoin income fund product

On November 21st, Blockstream, a provider of bitcoin infrastructure technology, announced the establishment of an asset management division and appointed former hedge fund expert Sean Bill as its chief investment officer. The division will develop two main products: a bitcoin income fund, which resembles a bitcoin money market fund, and a dollar income fund, which generates returns for investors through bitcoin mortgages.