Singapore-based fund manager Fintonia Group, regulated by the Monetary Authority of Singapore (MAS), has launched a “physical” bitcoin fund and a yield fund, reported Fund Selector Asia. The offerings are geared towards professional and institutional investors seeking direct, passive bitcoin exposure and an avenue for obtaining loans on their BTC holdings. “The fund acquires ‘physical’ bitcoin, meaning we will buy the actual bitcoin [rather than] a derivative instrument on bitcoin,” said Adrian Chng, founder and chairman of Fintonia Group, per the report. The Fintonia Bitcoin Physical Fund aims to provide investors ... (full story)