Guggenheim Registers Fund That Allows Bitcoin Exposure After CIO Calls Crypto Tulipmania, Predicts BTC Crash

Guggenheim Registers Fund That Allows Bitcoin Exposure After CIO Calls Crypto Tulipmania, Predicts BTC Crash


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 billion in total assets under management across fixed income, equity, and alternative strategies.

Trending: WATCH: Arizona Audit Hand Count COMPLETED

The filing describes the fund as “a newly-organized, diversified, closed-end management investment company.” Among the investments that the new fund can invest in are “Cryptocurrency, Digital Assets, or Virtual Currency Investments.” The filing states:

The fund may seek investment exposure to cryptocurrency (notably, bitcoin) … through cash settled derivatives instruments, such as cash settled exchange traded futures, or through investment vehicles that offer exposure to bitcoin or

Continue reading

You Might Like

Daily Truth Report • DailyTruthReport.com
Thanks for sharing!
Send this to a friend