Guggenheim Fund Files to Be Able to Invest Up to Almost $500M in Bitcoin Thro...
The Guggenheim Macro Opportunities Fund will now be able to invest up to 10% of its net asset value in the Grayscale Bitcoin Trust.
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Guggenheim’s billion-dollar Marco Opportunities Fund (MOF) may seek indirect exposure to BTC through the investment of 10% of its net asset value into Grayscale’s BTC Trust (GBTC). The investment (when complete) means MOF will have committed as much as $497 million into the GBTC. In a November 27 amended prospectus filing with the U.S. SEC, Guggenheim explains the rationale for seeking indirect exposure to BTC. According to the explanation, Guggenheim’s MOF wants to achieve its investment objective by “investing in a wide range of fixed-income and other debt and....
Guggenheim has registered a new fund with the U.S. Securities and Exchange Commission (SEC) that could have exposure to cryptocurrencies, particularly bitcoin. The filing came as the asset management firm’s chief investment officer repeatedly made bearish bitcoin predictions, calling cryptocurrency Tulipmania. Guggenheim Launching Fund Which Could Have Exposure to Bitcoin Guggenheim Funds Investment Advisors LLC filed a registration statement with the U.S. Securities and Exchange Commission (SEC) Tuesday for the Guggenheim Active Allocation Fund. Guggenheim Investments has about $270....
Guggenheim Global Chief Investment Officer Scott Minerd has increased his bitcoin fair value estimate. He now says that the price of the cryptocurrency could reach $600K based on his firm’s fundamental research. Guggenheim’s SEC filing to invest half a billion dollars in bitcoin became effective early this week. Guggenheim’s Scott Minerd Says Bitcoin’s Price Could Reach $600K The chief investment officer (CIO) of Guggenheim Partners, Scott Minerd, talked about his new bitcoin price prediction in an interview with CNN Tuesday. Minerd is also the chairman of....
Guggenheim Investments, an asset management firm with over $230 billion under management, has valued bitcoin at $400,000 based on fundamental analysis. Guggenheim wanted to invest in bitcoin when the price of the cryptocurrency was at the $10,000 level. The company is currently waiting for approval from the U.S. Securities and Exchange Commission (SEC) to start investing in bitcoin. Guggenheim Forecasts $400K Bitcoin, Regulation Delays Investments Guggenheim Global Chief Investment Officer Scott Minerd talked about bitcoin’s valuation on Bloomberg Markets Wednesday as the price of....
Major financial institution Guggenheim Investments has filed for a fund that could offer indirect bitcoin exposure.