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 are starting to see cryptos as a great way to profit, it seems.