December 10, 2019 IDEG Investment has launched two bitcoin trust products with Coinbase serving as custodian.

The Hong Kong-based digital asset investment firm announced the launch of Asia Bitcoin Trust I and Atlas Mining Trust I. The former will be actively managed and resemble the Grayscale Bitcoin Trust (GBTC). The latter allows investors to share in profits from Bitcoin mining operations. IDEG claims to have a total size of $200M for both products combined.