Neuberger Berman To Offer Bitcoin Futures Through $161 Million Commodity Fund
Neuberger Berman To Offer Bitcoin Futures To Its $161 Million Commodity Strategy Fund, According To A Filing With The Securities And Exchange Commission.Private investment firm Neuberger Berman is adding Bitcoin futures to its $161 million Commodity Strategy fund, according to a filing with the Securities and Exchange Commission. Notably, Neuberger Berman will not be investing in Bitcoin directly, but rather will offer clients exposure through Bitcoin Futures. According to Citywire, a spokesperson for the firm said it is using bitcoin price exposure strategically as a hedge against....
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The firm reported the fund had more than $164 million in assets under management as of July 31, roughly 0.04% of its total AUM. New York-based investment management firm Neuberger Berman has filed for a commodity-focused fund to be able to gain indirect exposure to crypto investments. In a filing with the Securities and Exchange Commission today, the investment firm said its Commodity Strategy Fund would allow investors to have indirect exposure to cryptocurrencies and digital assets through Bitcoin (BTC) and Ether (ETH) futures, as well as Bitcoin trusts and exchange-traded funds.....
The private investment management firm with $402 billion in assets under management (AUM), Neuberger Berman Group LLC, has revealed the company now has active exposure to cryptocurrencies like bitcoin. The multi-billion-dollar asset manager disclosed this information in a Form 497 in order to comply with the Securities and Exchange Commission’s EDGAR filing system. Neuberger Berman’s 497 Shows Bitcoin and Ethereum Exposure Neuberger Berman (NB) has detailed in a Form 497 filing with the Securities and Exchange Commission (SEC) that it is now permitting active exposure to crypto....
"We are witnessing a significant shift in investor sentiment towards digital assets, and we believe that digital assets should be considered in modern portfolios," said Greg Collett, president of the joint venture. Crypto lending firm BlockFi has formed a business with New York-based investment management company Neuberger Berman for the development and distribution of crypto products including exchange-traded funds.In an Oct. 25 announcement, BlockFi said the joint venture, BlockFi Nb, expects to “launch crypto asset management products, including ETFs and other traditional structures,”....
The lending platform has partnered with the $400 billion investment manager to launch a direct BTC exposure offering in the U.S.
$430 million in ETH options expire on Friday and derivatives data shows that bulls are in control and planning to push prices higher in the short term. Ether's (ETH) 81% rally over the last three weeks caught professional traders off-guard, and this week's upcoming options expiry reveals that of the $430 million in contracts set to expire, only 7% of the neutral-to-bearish put options will be available if Ether holds above $3,200 on Aug. 13.Ether price in USD at Coinbase. Source: TradingViewCuriously, the crypto market is holding its recent strength despite the Senate's 'crypto-critical'....