TOBAM Bitcoin Mutual Fund – Europe’s Alternative Investing Fund?


Many of the rumours that had been spreading for the last couple of days have been found to be true. In a press statement released by Tobam (a Smart Beta pioneer), it was announced today that they will be launching the TOBAM Bitcoin Mutual Fund service. It will serve as an unregulated ‘Alternative Investment Fund’, that will be based out of France for certain financial reasons.

Why All the Noise?

Well.. for starters this fund is a ‘first of its kind’ in Europe, and will allow qualified investors to gain exposure and prominence in the world of cryptocurrency. According to Tobam’s official press release, they say that based upon their ‘specialised research’ and I.T. system analysis, they have the capability to track the value of various currencies, thereby allowing for maximal user profits.

This venture is unique and has the capacity to attract institutional investors, however it should be understood that investors will not be holding bitcoin directly, but rather using this platform as a tool of making further investments later down the line.

How Has the Global Economic Market Reacted to This News?

With the release of this news, many media outlets have come forward to present their views and opinions on this matter. For example, the Financial Times, has reported that the TOBAM Bitcoin Mutual Fund will be launched as soon as it obtains its clearance from the Autorité des Marchés Financiers (which serves as one of the country's top financial regulators). The story goes on to add that PwC will serve as the company’s auditor, while Caceis, will regulate the in and outflow of bitcoins.

When interviewed by media agencies on this move, Tobam’s president Mr Yves Choueifaty had the following comments “This first move in the world of cryptocurrencies showcases our dedication to remaining ahead of the curve and to provide our clients with innovative products in the context of efficient (i.e. unpredictable) markets.”

In addition to this, he was asked about the funds prospects in the coming years, to which he responded by saying “We found some investors to launch the fund and we have had a lot of interest from an intellectual point of view.”

Why take Notice of TOBAM Bitcoin Mutual Fund?

As many market savvy people know by now, blockchain technology has redefined the way digital assets are looked at now. There are more and more cryptocurrencies being introduced into the market on a near daily basis. However, the access of regular people to assets like BTC, ETH is fairly low.

Thus, Tobam’s Mutual Fund looks to help investors who have growing interest in digital currencies by providing them with a trustable trading platform.

What’s Unique With TOBAM Bitcoin Mutual Fund?

(i) Secure:

The fund only allows for investments to be made only after doing rigorous background checks on its customers. This ensures that the assets are switching hands legally, and that there are legal hassles encountered later down the line. In addition to this, the company claims that they will implement a quantitative and systematic cyber-security system that possesses cutting-edge technological capabilities.

(ii) Research Based:

Tobam has its own ‘cryptocurrency research and development team’. This team is comprised of computer specialists, engineers, researchers and risk management experts who have been involved in this field for nearly a decade now.

Lastly, as per the official Tobam web page, “The fund will be available to eligible investors worldwide on a private placement basis.”

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