Another Wall Street Giant,\u00a0Guggenheim Partners, is planning to invest some of its net worth in\u00a0Bitcoin. The firm, which has $ 270 billion in assets under its management, has joined the institutions that are interested in Bitcoin.\r\n\r\nGuggenheim Partners\u00a0has filed an amendment to the\u00a0U.S. Securities and Exchange Commission (SEC)\u00a0on November 27th. The company considers allocating more than $ 500 million of its\u00a0Macro Opportunities Fund\u00a0in Bitcoin via the GBTC.\u00a0Grayscale Bitcoin Trust\u00a0(GBTC) is Grayscale Investments\u2019 publicly-traded financial product \u2013 Bitcoin investment vehicle. The firm said it would reserve the right to put 10 percent of its net asset value into the leading cryptocurrency for its $5.3 billion Macro Opportunities Fund. According to the amendment filed with the\u00a0SEC:\r\n\u201cThe Guggenheim Macro Opportunities Fund may seek investment exposure to bitcoin indirectly through investing up to 10% of its net asset value in Grayscale Bitcoin Trust \u201cGBTC,\u201d a privately offered investment vehicle that invests in bitcoin. To the extent the Fund invests in GBTC, it will do so through the Subsidiary.\u201d\r\nThe Macro Opportunities Fund (MOF) is one of the\u00a0Guggenheim Partners\u2018 best-known funds.\u00a0Fidelity Digital Assets\u00a0and\u00a0Morningstar\u00a0have claimed that there are close to $ 5 billion in assets under its management. This means that if the fund makes a 10% investment, it will invest $ 500 million in Bitcoin. According to the current price of Bitcoin, the investment firm will buy more than 27,000 BTC.\r\n\r\nGrayscale is one of the largest crypto asset management companies. It allows investors to securely own BTC while avoiding the hassle of purchasing and storing BTC directly. Instead of holding the asset, investors own stocks representing their Bitcoin investments. Currently,\u00a0Grayscale\u2019s Bitcoin Trust\u00a0holds more than 500,000 Bitcoin, surpassing $8.3 billion in value.\r\n\r\n\r\nBitcoin Attracted Huge Attention This Year\r\nBitcoin has attracted huge attention from institutional investors this year. Earlier this year,\u00a0Paul Tudor Jones, the leading name in the investment world, announced that he invested in\u00a0Bitcoin, and earlier this month, billionaire\u00a0Stanley Druckenmiller\u00a0said he bought Bitcoin too. Also, in October, asset management giant\u00a0Stone Ridge\u00a0reported that it purchased 10,000 BTC. Companies such as\u00a0Square\u00a0and\u00a0MicroStrategy\u00a0also bought 4,700 and 38,250 BTC, respectively. So, this list has expanded as another Wall Street Giant is planning to invest in Bitcoin.\r\n\r\nThe leading cryptocurrency seems to have continued to rise again today. According to\u00a0CoinMarketCap, at the time of writing, it is trading around $ 19,123, up 5.55% during the 24 hours.\r\n\r\n#coinsfera #cryptonews #buybitcoinistanbul #buybitcoindubai #buybitcoinkosovo\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\nDisclaimer: All information provided in the content is for informational purposes only and should not perceive as an investment, financial, or trading advice. Any investment decision you make should be a personal choice based on financial knowledge, experience, and market research.