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Macro funds aim to add exposures to bitcoin futures, crypto ETFs

2022/03/03 01:26

According to Blockworks, two more fund groups are looking to offer indirect bitcoin exposure through established products running macro strategies — pending regulatory approval. LoCorr Funds and Arrow Funds are planning to add bitcoin exposure to a mutual fund and an ETF, respectively, by investing in bitcoin futures or bitcoin ETFs, regulatory filings indicate. The LoCorr Macro Strategies Fund (LFMAX), which has roughly $1.4 billion of assets, invests in managed futures and fixed-income instruments. The mutual fund can take long or short positions in futures, forwards, options, spot contracts or swaps that are tied to currencies, interest rates, stock market indices, energy resources, metals or agricultural products. An analysis of existing prospectuses for the LoCorr and Arrow funds make no mention of bitcoin futures or bitcoin ETFs. Neither fund would directly invest directly in bitcoin. Representatives from both firms could not be immediately reached for comment.
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