Guggenheim Registers Fund That May Seek Exposure to Crypto

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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