Guggenheim Investment Fund to Invest $497 Million in Grayscale’s GBTC Seeking...

Guggenheim Investment Fund to Invest $497 Million in Grayscale’s GBTC Seeking...

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....


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Guggenheim Partners prepares to dip investment fund’s toes into Bitcoin

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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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The Bitcoin Investment Fund (GBTC) is now live. This means that bitcoin has finally made it to traditional, international markets. From the slums of the Internet cypherpunk community and the uncertainties of volatility to the benches of international financial markets, Bitcoin has come a long and hard way, and finally we can say that is now being recognized as a trusted investment fund. GBTC offers the chance for investors to invest in bitcoin without even having to deal with the currency and all the issues associated with owning it. It’s like buying shares in a gold exchange traded fund....

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Here’s how the Purpose Bitcoin ETF differs from Grayscale’s GBTC Trust

The newly launched Purpose Bitcoin ETF surpassed even the most bullish expectations but how does it differ from Grayscale’s GBTC Trust? Since 2017, investors have been anxiously awaiting a Bitcoin ETF approval as the existence of such a fund was an important symbol of mass adoption and acceptance from the realm of traditional finance. On Feb. 18, the Toronto Stock Exchange hosted the official launch of the Purpose Bitcoin ETF and the fund quickly absorbed more than $333 million in market capitalization in just two days. Now that the long-awaited Bitcoin ETF is here, investors are curious....