Brevan Howard's billion dollar fund to invest in cryptocurrencies

Asset management company Brevan Howard Asset Management is preparing to invest in digital assets.

The company, led by Aron Landy, will initially allocate 1.5 percent of its core $ 5.6 billion hedge fund to digital assets, Bloomberg reported .

Brevan Howard's decision is the latest sign that cryptocurrencies are increasingly becoming mainstream. Just yesterday, the largest US cryptocurrency exchange, Coinbase, went public and started trading on Nasdaq, exceeding its market value of $ 100 billion in the first minutes.

The source, who chose to withhold anonymity due to the confidentiality of the information, said Brevan Howard's fund will invest a wide range of digital assets beyond Bitcoin.

It was claimed that Alan Howard, co-founder of Brevan Howard, invested in cryptocurrencies in 2018. One River Asset Management, a hedge fund supported by Howard, also invested $ 600 million in Bitcoin and