Investing.com - Cryptocurrency prices were mostly higher on Friday, while deVere Group is launching a new virtual coin fund for its clients.
Bitcoin rose 0.87% to $6,417.10 on the Bitfinex exchange, as of 8:15 AM ET (12:15 GMT).
Cryptocurrencies overall were slightly lower, with the total coin market capitalization at $205 billion at the time of writing, compared to a peak of $209 billion on Thursday.
Ethereum,or Ether, increased 0.81% to $200.61 and Litecoin was at $50.560, up 2%, while XRP rose 2% to $0.46251.
UK-based financial company deVere Group has launched an actively managed crypto fund.
The offering, called deVere Digital Asset Funds, was launched in partnership with Dubai-based hedge fund manager Dalma Capital Management and provides investors with a diversified exposure to digital coins with reduced volatility.
Nigel Green, founder and CEO of deVere, said that virtual coins are “part of mainstream finance.”
“Their momentum continues to gain traction as both retail and institutional investors increasingly value the need and demand for digital, global currencies in today’s ever-more digitalised and globalised world,” he said in a press release.
In other news, India’s central authorities are considering imposing a ban on virtual coins, a press release published by the central government’s Press Information Bureau (PIB) revealed this week.
Indian regulators would continue to encourage the use of blockchain technology, although they would seek to ban “private” virtual coins, according to the statement.