Guggenheim has registered a new fund with the U.S. Securities and Exchange Commission (SEC) that could have exposure to cryptocurrencies, particularly bitcoin. The filing came as the asset management firm’s chief investment officer repeatedly made bearish bitcoin predictions, calling cryptocurrency Tulipmania.

Guggenheim Launching Fund Which Could Have Exposure to Bitcoin

Guggenheim Funds Investment Advisors LLC field a registration statement with the U.S. Securities and Exchange Commission (SEC) Tuesday for the Guggenheim Active Allocation Fund. Guggenheim Investments has about $270 billion in total assets under management across fixed income, equity, and alternative strategies.

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The filing describes the fund as “a newly-organized, diversified, closed-end management investment company.” Among the investments that the new fund can invest in are “Cryptocurrency, Digital Assets, or Virtual Currency Investments.” The filing states:

After outlining the risks associated with investing in bitcoin, the company noted that the fund’s “exposure to cryptocurrency may change over time and, accordingly, such exposure may not always be represented in the fund’s portfolio.”

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The Guggenheim filing followed several bearish predictions by the chief investment officer (CIO) of Guggenheim Partners, Scott Minerd, who is also the chairman of Guggenheim Investments, the global asset management and investment advisory division of Guggenheim Partners.