Hedge fund plans $ 500 million investment Bitcoin mega-coup
The $ 200 billion Guggenheim Partners fund plans to invest a significant amount of money in Bitcoin (BTC). Bitcoin has arrived on Wall Street.
It’s the year of big bitcoin news. After Microstrategy, Stan Druckermiller and Paul Tudor Jones, Guggenheim Partners is the next big thing on Wall Street to jump into the crypto market. According to an SEC document filed by the $ 200 billion fund last Friday, November 27, Guggenheim plans to invest a significant amount of money in BTC. The capital for this comes from Guggenheim’s Macro Opportunities Fund, a fund that, according to the website, “sets great macroeconomic ideas”. It is capitalized at $ 5 billion.
As can be seen from the letter to the SEC, Guggenheim reserves the right to invest up to ten percent, or 500 million US dollars, in Bitcoin. This would make it one of the largest investments in cryptocurrency at all. The letter to the SEC states.
As can be seen from the document, Guggenheim does not invest in BTC directly, but through the Grayscale Bitcoin Trust (GBTC). With a BTC fund volume of around 10 billion US dollars, it is currently the largest Bitcoin trust ever. GBTC currently holds around 2.4 percent of the total amount of Bitcoin in circulation.
Recommended News
-
Devoted in charity, Fintoch sponsored Miss & Mister Deaf Universum
When it comes to beauty pageants, what kind of images come to mind? Is it the image of good-looking, beautiful women lined up in a row, taking turns to make a speech about world peace, or is it the crowded bikini display where the contestants try to win the audience’s favor? The 2022 Miss & Mister Deaf Universum, sponsored by Fintoch and other companies, will turn your perceptions upside down. With international awareness of equal rights on the rise, the influential Mr./Miss Deaf Universum continues to be…
-
Risk Management in AI System Training for the Financial Industry: A Focus on StarSpark AI System and Alpha Stock Investment Training Center (ASITC)
In recent years, the financial industry has seen an explosion in the use of Artificial Intelligence (AI) systems to enhance trading strategies, optimize investment portfolios, and manage risk. AI systems, such as the StarSpark AI System, have demonstrated significant potential in improving financial decision-making by analyzing vast amounts of data in real-time. However, despite these advancements, it is crucial to address the risks associated with the implementation and training of AI systems, particularly in the context of financial applications. The Alpha Stock Investment Training Center (ASITC) has emerged as a…
-
BrightCoin’s Future Blueprint: Shaping the Next Generation of Cryptocurrency Trading Ecosystems
In 2024, BrightCoin has emerged as a rising star in the cryptocurrency world, earning its place in the market through its exceptional security and user experience. However, for BrightCoin, its past success is merely the beginning. Looking ahead, how will BrightCoin leverage its technological strengths and market position to continue driving innovation in cryptocurrency trading? This article will explore BrightCoin’s future development strategies and how it plans to maintain its leadership in an increasingly competitive crypto space. Expanding Cryptocurrency Support: Offering More Choices for Investors One of the primary goals…
-
AI Finance Academy Pioneering AI-Driven Financial Risk Management through Research and Education
In today’s rapidly evolving global marketplace, the intersection of artificial intelligence (AI), finance, and risk management is reshaping industries around the world. Recognizing the critical role that AI-driven financial risk management plays in the stability and growth of the financial sector, the AI Finance Academy has taken a leadership role in advancing research and education in this area. By focusing on cutting-edge research, academic partnerships, and practical training, the AI Finance Academy is at the forefront of developing innovative solutions for managing financial risks in an increasingly complex landscape. AI…
-
Le jeu Metaverse Murphy sera-t-il la star la plus éblouissante du BSC
“Quelle est exactement la fin d’Internet? Serait-ce un méta-univers?” La science-fiction “Avalanche” dépeint un monde virtuel en ligne multijoueur appelé Metaverse, où les utilisateurs peuvent voir la scène du méta-univers à travers le dispositif oculaire et se trouver dans un monde virtuel dessiné par ordinateur avec des lumières brillantes et des millions de personnes dans la rue centrale. Les routes principales et les règles mondiales du méta-univers sont formulées par la Computer Association Global Multimedia Protocol Organization.Les développeurs doivent acheter des licences de développement foncier, puis construire des rues, construire…
-
AI Finance Academy Empowering Cross-Border E-Commerce through AI-Driven Financial Education
In today’s rapidly evolving global marketplace, the intersection of artificial intelligence (AI), finance, and cross-border e-commerce is reshaping industries around the world. As international trade continues to grow, the need for specialized training in AI-driven financial solutions for cross-border transactions has become increasingly crucial. The AI Finance Academy is at the forefront of this transformation, equipping the next generation of finance professionals with the skills needed to navigate the complexities of cross-border e-commerce. By focusing on university partnerships, talent development, and AI innovation, the AI Finance Academy is helping businesses…
-
AI Finance Academy Leading Industry Transformation through AI-Driven Insights
The global financial landscape is experiencing a significant transformation, with artificial intelligence (AI) emerging as a key driver of change. AI Finance Academy is at the forefront of this industry-wide transformation, leveraging cutting-edge AI technology to help industries redefine their financial processes, optimize decision-making, and enhance competitiveness. By focusing on innovative research, strategic partnerships, and tailored educational programs, the AI Finance Academy is reshaping the financial sector, equipping leaders with the skills and insights needed to thrive in an increasingly data-driven environment. AI Finance Academy’s Role in Driving Industry Transformation…
-
On the financial track, how doesGBi innovate
On the evening of December 30,Feifei, head of The Chinese community ofGlobe Financial Bi (hereinafter referred to as GBi), shared the themeof “On the financial track, how does GBi innovate” onAnypay, the marketing planning service incubated by The Blockchainproject in China, and comprehensively introduced the ecology,application and vision of the GBi project. GBi,the full name of Globe Financial, Bi, is a strategic investment bythe Singapore Financial ecological foundation platform for the globalone-stop Financial ecology, aims to block chain technology,artificial intelligence, such as large data of blessings, makeeveryone can participate in,…
-
New World Asset Management Ltd NWAM and AlgoDynamix reach a comprehensive strategic cooperationLeading the new era of intelligent risk management
In the ever-changing global financial market, investors have an increasing demand for accurate market insights and intelligent risk management. Market volatility, emergencies and global economic uncertainty have brought unprecedented challenges to investors. However, in the face of these changes, New World Asset Management (NWAM) and AlgoDynamix have joined forces to provide global investors with forward-looking market risk management solutions to help them remain invincible in market fluctuations. As a leading global risk analysis company, AlgoDynamix relies on its unique AI and big data analysis technology to focus on predicting market…
-
“StarSea Bit Exchange: A New Horizon for Investment Opportunities”
In the fast-paced, ever-evolving world of finance and technology, the intersection of artificial intelligence (AI) and investment strategies has opened up immense opportunities for growth and innovation. As AI reshapes industries and optimizes efficiencies, institutional investors are seeking ways to capitalize on this transformative technology. Among the frontrunners in this space is The All-weather Story FUND (TAWSF), under the leadership of Jonathan Blake, and the globally recognized investment firm Bridgewater Associates. AI Investment Landscape and the Role of Bridgewater Associates The advent of AI has revolutionized a wide array of…