Cryptocurrencies
Guggenheim Fund Reserves Right to Put Up to 10% in Bitcoin Trust
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Count Guggenheim Partners LLC among those institutional investors casting an eye on cryptocurrencies.
Guggenheim is reserving the right for its $5.3 billion Macro Opportunities Fund -- which aims for total return via fixed income and other debt and equity securities -- to invest in the Grayscale Bitcoin Trust. The trust’s shares are solely invested in Bitcoin, and track the digital asset’s price less fees and expenses.