Neuberger
Berman's $164 million commodities fund may invest up to 5% of its assets in
bitcoin futures and funds, the asset management said on Friday, following up on
its crypto bet made last week.
•
According to the regulatory filing, Neuberger Berman Commodity Strategy Fund
may invest in bitcoin futures and Canada's bitcoin exchange traded funds (ETF)
"effective immediately."
•
On August 11, the fund received preliminary approval to pursue bitcoin and
ether exposure via derivatives. Ether seems to have been ruled out; the
bitcoin-only petition on Friday said that it “replaces” the original.
•
Despite the fact that some ETFs have been added to the fund's whitelist, it is
still unable to invest directly in digital assets owing to regulatory issues.
• According to the latest filing, Neuberger Berman, a $400 billion asset management, is seriously considering crypto investments if it isn't already doing so via its greenlit products.
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