US giant Guggenheim launches new fund with cryptocurrencies as investment candidates
Guggenheim Partners, a major US asset management company, has launched a new fund, the Guggenheim Active Allocation Fund, which includes crypto assets (virtual currency) as investment candidates. Documents submitted to the US Securities and Exchange Commission (SEC) explained that when managing this fund, it may invest in virtual currencies such as Bitcoin (BTC). “We may make direct investments in Bitcoin and other stocks, or indirect investments such as cash-settled derivative transactions,” he said. Guggenheim Partners is an asset management company that also handles investment advisory business and is expanding its business worldwide. According to the official website, the amount of asset management is 315 billion dollars (about 34 trillion yen). In February of this year, it was found that the documents filed with the SEC in November last year to invest in Bitcoin were effective. A fund called “Guggenheim Macro Opportunites Fund” applied for a change in the contents of the fund when it asked Grayscale’s Bitcoin Investment Trust (GBTC) for investment opportunities.