Guggenheim Registers Fund That Could Be Seeking Exposure to Crypto

Coindesk just reported that Guggenheim Investments registered a new fund, the Guggenheim Active Allocation Fund, that could be seeking investment exposure to crypto especially Bitcoin according to a filing with the U.S. Securities and Exchange Commission.

“The fund, expected to be listed on the New York Stock Exchange under the ticker “GUG,” will follow an asset-allocation strategy and a relative value-based investment strategy, and may seek exposure to cryptocurrencies, especially bitcoin.
Exposure would likely be through derivatives, such as futures, or through other vehicles that invest in crypto,” according to the online publication.

It’s been also revealed that Guggenheim noted the volatile nature of cryptocurrencies, saying that “it is a highly speculative asset.”

The fund will hold a varying proportion of crypto and may hold none at all, the filing said.

We suggest that you check out the complete article in order to learn all the available details.

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I am a technical writer, author and blogger since 2005. An industry watcher that stays on top of the latest features, extremely passionate about finance news and everything related to crypto.
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