Global investment firm Guggenheim Partners considers investing hundreds of millions of dollars in Bitcoin trust.
Last Friday, the firm was filing to the US SEC saying that it will reserve the $5.3B Macro Opportunities Fund’s rights to put 10% of its net asset value in the cryptocurrency through the Grayscale Bitcoin Trust.
It means that Guggenheim can invest up to $500M of investors’ cash in cryptocurrency.
“The Guggenheim Macro Opportunities Fund may seek investment exposure to bitcoin indirectly through investing up to 10% of its net asset value in Grayscale Bitcoin Trust (“GBTC”), a privately offered investment vehicle that invests in Bitcoin,” the note specified.
GBTC allows investors to trade shares in trusts that hold large pools of bitcoin as the world’s largest crypto hedge fund will enable investors to trade the shares on the stock market. With this, investors won’t have to deal with holding the asset – they just hold shares representing Bitcoin investments.

Guggenheim’s Macro Opportunities Fund is one of Guggenheim Partners’ funds, which handles $5.3 billion worth of investors’ cash.
The firm’s possible future investment represents that they think Bitcoin can be a safe bet for their clients.
The note to the SEC mentions the risks involved in investing in cryptocurrencies.
“In addition to the general risks of investing in other investment vehicles, described further below, the value of the Fund’s indirect investments in cryptocurrency is subject to fluctuations in the value of the cryptocurrency, which can be highly volatile,” the note continued.
“Cryptocurrency is a new technological innovation with a limited history; it is a highly speculative asset and future regulatory actions or policies may limit, perhaps to a materially adverse extent, the value of the Fund’s indirect investment in cryptocurrency and the ability to exchange a cryptocurrency or utilize it for payments.”
The firm is the latest Wall Street institution to show interest in Bitcoin. Traditional finance big wigs, tech companies, and institutional investors showed interest in investing in the cryptocurrency this year.
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