PIMCO, a fixed-income manager plans to expand its exposure to digital currency such as the (BTCAfter briefly dabbling through the crypto-linked security, this latest evidence suggests that the major institutions are now beginning to accept the emerging asset type.

In an interview with CNBC on Wednesday, chief investment officer Daniel Ivascyn confirmed that PIMCO already has exposure to “crypto-linked securities” through various hedge fund portfolios. He said the firm plans to gradually increase its exposure to the asset class as part of its “trend-following strategies or quant-oriented strategies.” He further Detailed explanationThis is: