New cryptocurrency funds offer entry to unproven assets

As bitcoin mania soars to unprecedented levels, two Singapore-based wealth managers are gearing up to offer cryptocurrency-focused funds to capitalise on booming investor demand. The virtually concurrent launch of the two funds underscores both the rampant excitement and speculation surrounding cryptocurrencies as a new form of asset, plus the desire of new fintech-related funds to tap into the speculative mindset of many mass affluent or high net worth individuals in Asia. But ma…