guggenheim-fund-files-to-be-able-to-invest-up-to-almost-$500m-in-bitcoin-through-gbtc

Guggenheim Fund Files to Be Able to Invest Up to Almost $500M in Bitcoin Through GBTC

Guggenheim Fund Files to Be Able to Invest As a lot as Almost $500M in Bitcoin By draw of GBTC

Guggenheim Funds Belief filed an modification with the U.S. Securities and Alternate Commission to permit its $5 billion Macro Opportunities Fund function publicity to bitcoin by investing up to 10% of the fund’s get asset price in the Grayscale Bitcoin Belief (GBTC).

  • In step with the modification: “The Guggenheim Macro Opportunities Fund could presumably maybe maybe glance investment publicity to bitcoin one way or the other through investing up to 10% of its get asset price in Grayscale Bitcoin Belief (“GBTC”), a privately supplied investment automobile that invests in bitcoin. To the extent the Fund invests in GBTC, this can manufacture so during the Subsidiary.”
  • Given the fund has get sources of $4.97 billion, based mostly entirely on Fidelity, it ability mean the fund can make investments up to $497 million in GBTC.
  • Grayscale is a sister firm to CoinDesk.
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