NY-Based Neuberger Berman has given green light to crypto investments in regulated Bitcoin and Ethereum futures through a subsidiary. The strategy fund will soon be able to gain exposure to Bitcoin and Ethereum via regulated futures and various investment vehicles.
As per its filing to the SEC, the “Funds” investment strategy will permit actively managed exposure to cryptocurrency investments and digital assets through
- Cryptocurrency derivatives, such as bitcoin futures and ether futures
- Investments in bitcoin trusts and exchange-traded funds to gain indirect exposure to bitcoin.
The investments will happen via a subsidiary firm. The new filing comes soon after Neuberger Berman disclosed a “Hedged Cryptocurrency Volatility Fund” in an SEC Form D filing.
According to a Neuberg Berman spokesperson, the goal is to strengthen the fund’s use as an inflation hedge.
‘In the interim, however, they believe that there will be strong price trends, including relative price trends, and as such believe exposure to a diversified, albeit modest, portfolio of such crypto-assets offers another source of a potential return to the portfolio,’ the spokesperson said.
Gold is currently the largest asset managed by the Commodity Strategy Fund. It accounts for 7.9% of the shares. Meanwhile, corn and heating oil make up 7% and 6.6%, respectively.