Major Asset-Manager Guggenheim Partners Hints Investing in Bitcoin
The trend of major public companies putting a part of their assets in bitcoin (BTC) continues to gain momentum as according to a recent development, the $200 billion-plus asset-manager, Guggenheim Partners is the latest to join the BTC frenzy. According to a filing on November 27, Guggenheim Partners, which invests across several asset classes on behalf of clients including pension funds, and sovereign wealth funds, is seeking “investment exposure to bitcoin indirectly.”.
Notably, the asset-manager is seeking exposure to the premier cryptocurrency through Grayscale’s Bitcoin Trust product (GBTC) via its Macro Opportunities Fund. The filing with the U.S. Securities and Exchange Commission (SEC) reads in part: For the uninitiated, the Macro Opportunities Fund is one of Guggenheim Partners’ best-known funds with over $5 billion in assets under management.