IGM Financial is still on the fence about cryptocurrencies
Canadian asset management giant IGM Financial is mulling over launching Bitcoin and Ether products, Bloomberg reports.
The decision on whether or not the company will venture into cryptocurrencies hasn’t been finalized yet, according to CEO James O’Sullivan.
There is no tentative launch date for the products, but they are expected to be rolled sometime next year if IGM Financial decides to move forward with its crypto ambitions.
The wealth manager boasts more than $265 billion worth of assets management.
Back in February, Canada became the first country to approve and launch a Bitcoin exchange-traded fund, setting the stage for global adoption.