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VCI Global Soars 82.69% on Bitcoin Fund Launch
Generated by AI AgentBefore the Bell
Wednesday, Jul 16, 2025 8:19 am ET1min read
Aime SummaryOn July 16, 2025,
surged by 82.69% in pre-market trading, marking a significant rise in its stock price.VCI Global has announced its strategic acquisition of a licensed fund manager in Malaysia's Labuan jurisdiction. This move is aimed at launching the VCIG Bitcoin Fund, a USD-dominated, professionally managed investment vehicle designed to provide institutional-grade exposure to Bitcoin for high-net-worth individuals and institutional investors.
The acquisition creates a regulated pathway for VCI Global to tap into the $1.2 trillion Bitcoin market, offering a new avenue for institutional investors to engage with the cryptocurrency space. This development is expected to enhance VCI Global's market position and attract more investors seeking exposure to Bitcoin through a regulated and professionally managed fund.
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