Neuberger Berman’s $164M Commodities Fund Can Invest 5% in Bitcoin
5 min ago•1 min read•Bitcoin
Neuberger Berman’s $164 million commodities fund can invest up to 5% of its assets in bitcoin futures and funds, the asset manager said Friday, following up the crypto play that it began last week.
“Effective immediately,” Neuberger Berman Commodity Strategy Fund may invest in bitcoin futures and Canada’s bitcoin exchange traded funds (ETF), the regulatory filing said. The fund got an initial go-ahead to chase bitcoin and ether exposure through derivative products on August 11. While certain ETFs are now on its whitelist, it still cannot invest directly in digital assets – likely due to regulatory concerns. The new filing indicates that Neuberger Berman is seriously eyeing crypto investments if not already participating in its greenlit products.