165 days ago • Posted by Charles-Henry Monchau

Wall Street giant Guggenheim Partners might invest over $500 million into the Grayscale Bitcoin Trust (GBTC)

"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," the firm said in a Friday filing; in other words Guggenheim can (and probably will) allocate up to $530MM to bitcoin (the fund has $5.3 billion in assets under management). With more than $295 billion in assets under management, Guggenheim Partners will be the largest company to date to buy Bitcoin. The investing public increasingly turns to crypto as an alternative to the tsunami of fiat currency debasement and ahead of the central banks' launch of digital currencies some time in 2022 - source: www.zerohedge.com 

Guggenheim Partners to invest up to $500 million