TP Icap says commodities firms want in on hedge funds’ favourite crypto trade – DL News
- Commodities houses want to trade crypto, according to the world’s largest interdealer broker.
- But they aren’t interested in the ETFs that have made Wall Street one of the biggest Bitcoin holders.
Commodities houses want a slice of a lucrative crypto trade that hedge funds have been piling into this year.
That’s according to London-based trading and brokerage giant TP Icap.
Simon Forster, the co-head of the firm’s digital asset arm, told DL News that he’s seen “significant interest from commodities houses and structured products desks” looking to access the crypto market for arbitrage trades.
It’s the latest sign of traditional finance’s growing love affair with crypto.
Less than a year after the launch of Bitcoin…
