Nickel Digital announces a multimillion rebalancing trade as Bitcoin touches $60,000

News Team, 16/03/2021

Nickel Digital Asset Management (Nickel), has announced a multimillion rebalancing trade for existing investors in the Digital Gold Institutional Fund, the Nickel-managed bitcoin fund, on Saturday 13 March, the day bitcoin touched the $60,000 mark, providing its clients an opportunity to capitalise on a sharp price movement over the weekend.

 This is the first weekend trade carried out by Nickel within its new modus operandi of trading seven days a week.

Anatoly Crachilov, CEO and founding partner of Nickel said: “Nickel Digital is leading the way being at the forefront of financial innovation, bringing 24/7 efficiency of the underlying crypto market to professional investors in traditional finance. In this fast-moving space, we are now facilitating 7-days a week access to the bitcoin market as a standard, offering Nickel’s clients an unparalleled competitive advantage.”

Michael Hall, CIO and founding partner of Nickel added: “This comes on top of the already industry-leading fee structure of the Nickel-managed Bitcoin fund and the use of sophisticated trading algorithms working through consolidated orderbooks to ensure the best price execution for our clients.”

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