Wall Street Giant Guggenheim Partners to Invest $500 Million in Grayscale Bitcoin Fund

Discussion in 'Wall St. News' started by mlawson71, Dec 2, 2020.

  1. mlawson71

    mlawson71

    Wall Street giant Gugenheim has become the latest company to invest in Bitcoin, according to a recent filing with the US Securities and Exchange Commission, aka SEC. Gugenheim is one of the world’s leading asset management and advisory companies and it intends to invest 10% in the Grayscale Bitcoin Trust.

    The company agreed with SEC to an indirect Bitcoin investment through a 10% exposure on Guggenheim’s Macro Opportunities Fund. Said fund is mainly used for investing in income securities and currenty has $5.2 billion in assets.

    Such 10% exposure equals an investment of about $500 million. Grayscale Bitcoin Trust is one of the largest BTC companies in the world and holds more than $10 billion in digital assets.

    Wall Street companies will invest in anything they think would bring them profits, and apparently there are profits to be made from cryptos.
     
  2. bitCoins' prestige because it has certain amount of mysteries. Uncle Buffett wouldn't touch it with his stick :)
     
  3. vanzandt

    vanzandt

    Is this the same uncle who sold out completely his 11% stake of the ENTIRE company between $19 and $20?


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    Give him a jar of Prevagen, a couple long poles,... and then push that raft into the River Styx.
    Elon will have an apparition awaiting him on the other side.
     
    Clubber Lang likes this.