{"id":12895,"date":"2021-11-26T16:26:37","date_gmt":"2021-11-26T16:26:37","guid":{"rendered":"http:\/\/ci02933c54100024a1"},"modified":"2021-11-26T16:26:37","modified_gmt":"2021-11-26T16:26:37","slug":"physical-bitcoin-fund-approved-in-singapore","status":"publish","type":"post","link":"https:\/\/bitcoinmagazine.com\/markets\/physical-bitcoin-fund-approved-in-singapore","title":{"rendered":"\u2018Physical\u2019 Bitcoin Fund Approved in Singapore"},"content":{"rendered":"<div id=\"bsf_rt_marker\"><\/div><ul>\n<li>Singaporean Fintonia Group has launched two bitcoin funds for professional investors.<\/li>\n<li>The Fintonia Bitcoin Physical Fund purchases actual bitcoin to provide investors with direct price exposure.<\/li>\n<li>The Fintonia Secured Yield Fund allows bitcoin holders to obtain cash by putting their BTC as collateral.<\/li>\n<\/ul>\n<p>Singapore-based fund manager Fintonia Group, regulated by the Monetary Authority of Singapore (MAS), has launched a \u201cphysical\u201d bitcoin fund and a yield fund, reported <a href=\"https:\/\/fundselectorasia.com\/fintonia-launches-bitcoin-funds-in-singapore\/\" target=\"_blank\" rel=\"noopener\"><em>Fund Selector Asia<\/em><\/a>. The offerings are geared towards professional and institutional investors seeking direct, passive bitcoin exposure and an avenue for obtaining loans on their BTC holdings.<\/p>\n<p>\u201cThe fund acquires \u2018physical\u2019 bitcoin, meaning we will buy the actual bitcoin [rather than] a derivative instrument on bitcoin,\u201d said Adrian Chng, founder and chairman of Fintonia Group, per the report.<\/p>\n<p>The Fintonia Bitcoin Physical Fund aims to provide investors with \u201cquick, safe, and cost-efficient\u201d bitcoin exposure through a more convenient investment vehicle by purchasing and holding BTC directly. The manager said a \u201clicensed and insured custodian\u201d will hold the fund\u2019s bitcoin.<\/p>\n<p>\u201cAs an MAS regulated fund manager with strict standards, we can connect with multiple exchanges and different market-makers, enabling us to find the best prices, as well as buy or sell at volume,\u201d Chng said. \u201cThe fund also enables efficient cash or crypto transfers, resolving the challenges around moving large amounts of cash in or out of the system.\u201d<\/p>\n<p>The Fintonia Secured Yield Fund, on the other hand, aims to provide bitcoin holders with direct loans. Borrowers like traders, miners, and companies holding BTC can leverage the yield fund to access cash without selling their bitcoin.<\/p>\n<p>\u201cBitcoin is an excellent form of collateral for loans,\u201d Chng reportedly said. \u201cIt trades 24\/7 and is highly liquid, with approximately $30bn to $60bn per day. If required, it can be quickly liquidated in comparison with, for example, commodities and real assets.\u201d<\/p>\n<p>Bitcoin funds provide an easy, hassle-free investment experience. Investors can obtain exposure to the price of BTC by purchasing the fund\u2019s shares from their regular broker. However, convenience comes at a cost. Only by holding bitcoin directly will an investor be able to take advantage of the financial sovereignty and freedom enabled by the Bitcoin Network.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In addition to an offering that purchases actual bitcoin, Fintonia also launched a bitcoin yield fund.<\/p>\n","protected":false},"author":2572,"featured_media":12896,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[34],"tags":[1022,1973,1254,224],"class_list":{"0":"post-12895","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-markets","8":"tag-bitcoin-fund","9":"tag-monetary-authority-of-singapore","10":"tag-physical-bitcoin","11":"tag-singapore"},"author_data":{"id":2572,"name":"Namcios","nicename":"namcios","avatar_url":"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2024\/12\/pfp-96x96.png"},"featured_image_url":"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2024\/11\/the-future-is-here-singapore-tokenizes-fiat-currency-on-the-blockchain.jpg","_links":{"self":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/12895","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/users\/2572"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/comments?post=12895"}],"version-history":[{"count":0,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/12895\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media\/12896"}],"wp:attachment":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media?parent=12895"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/categories?post=12895"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/tags?post=12895"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}