Tobam, a French asset management firm is planning to launch Europe’s first bitcoin mutual fund. It’s still difficult to invest in the unregulated asset, although the international interest in bitcoin is rising.

Having $9 billion in assets under management, Tobam plans to launch an unregulated alternative investment fund. This will allow institutional investors to gain exposure to cryptocurrency.

On Wednesday morning, Bitcoin reached almost $8,300 point. Alongside the price, investors interest has risen and now over 55 cryptocurrency hedge funds and CME Group have plans of launching bitcoin futures contracts.

Many institutions face with difficulties during investment, due to the fact the bitcoin is not basically regulated.

Christophe Roehri, head of business development at Tobam, said in a statement: “Direct investment in Bitcoin can be operationally challenging, from dealing with the choice of the platform, to maintaining the proper security measures in terms of custody and to managing the changes made to the protocol (hard forks).

According to the statement, Tobam’s purpose is to take control on those operational challenges in order to promote access for certificated investors, who want to gain exposure to Bitcoin.

The institutional investors, also the  certificated investors will have an access for Tobam’s fund based on a private placement. Tobam has offices located in New York, Paris, Hong Kong and Dublin.

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