Wall Street financial giant invests $500 million in Grayscale bitcoin-trust

Investment Company Guggenheim Partners, which manages assets worth more than $200 billion, announced its intention to send part of the portfolio to the Grayscale bitcoin-trust.

According to a document on the US Securities and Exchange Commission website, the Wall Street Company is considering investing 10% of the assets of its Macro Opportunities Fund division in the Grayscale Bitcoin Trust (GBTC).

According to various estimates, the assets of the Macro Opportunities Fund amount to about $5 billion. Investments in GBTC will thus amount to about $500 million.

The company does not consider other investments in cryptocurrencies, direct or indirect.

Guggenheim Partners invests in various asset classes on behalf of various companies, pension funds, and government investment funds. Investments in GBTC are considered as portfolio diversification.

Earlier in November, the total value of crypto assets managed by Grayscale Investments exceeded $10 billion. Of these, GBTC accounts for more than 80%.

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