UK asset management firm Elwood plans to develop a giant $1 billion bitcoin and cryptocurrency investment venture, it says. Elwood Expands Cryptocurrency Exposure Quoted by the Financial Times on August 30, Elwood, which is owned by billionaire Alan Howard, revealed it wants to funnel cash into crypto hedge funds. The company is no stranger to the crypto investment space, having launched a Blockchain exchange-traded fund (ETF) in March. According to the Times, Elwood “is workingRead MoreThe post A $1 Billion Crypto Investment Vehicle In Works ‘For Institutional Investors’ appeared first on Bitcoinist.com.