Guggenheim Registers Fund That May Seek Exposure to Crypto

The Guggenheim Active Allocation Fund could invest in bitcoin derivatives among other assets.

Jun 2, 2021 at 9:05 a.m. UTC
Updated Sep 14, 2021 at 1:04 p.m. UTC

Guggenheim Investments registered a new fund, the Guggenheim Active Allocation Fund, that might seek investment exposure to cryptocurrencies, notably 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.
  • Guggenheim noted the volatile nature of cryptocurrencies, saying that "it is a highly speculative asset."
  • The fund will hold a varying proportion of cryptocurrency, and may hold none at all, the filing said.
  • In November, Guggenheim filed to allow its Macro Opportunities Fund to gain exposure to bitcoin.

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