Bitcoin NewsGuggenheim Files For A New Closed-End Fund Seeking to Invest in Bitcoin and Other CryptocurrenciesAhead of the filing with SEC, the Guggenheim Active Allocation Fund sub-advisor Scott Minerd warned crypto investors of a volatile weekend. He pulled a similar move in Jan. before the firm became effective to buy GBTC shares.Guggenheim Partners has filed for a new fund called Guggenheim Active Allocation Fund that aims to invest in cryptocurrencies, including Bitcoin.The closed-end Fund is a newly organized, diversified vehicle whose objective is to maximize total return through a combination of current income and capital appreciation. Its common shares are expected to be listed on the New York Stock Exchange under the symbol “GUG.”The Fund’s sub-adviser seeks to combine a credit-managed fixed-income portfolio with a diversified pool of alternative investments and equity strategies.Besides other investment exposures, The Fund may also invest in cryptocurrency, notably Bitcoin, reads the document.This investment in crypto will be made through cash-settled derivatives instruments or through investment vehicles that offer exposure to Bitcoin or other cryptocurrencies through direct investments or indirect exposure.Besides the usual risks, the Fund also mentions ESG as a potential one; however, the presence of an ESG risk is not necessarily a reason to exclude a specific position from the investment universe rather is treated like other risks.Interestingly, the new fund has the company CIO Scott Minerd listed as one of the sub-advisor. Before filing with the Securities and Exchange Commission (SEC) on June 1st, Monday, over the weekend, Minerd warned the crypto community to prepare for a volatile holiday weekend.However, this isn’t the first time Minerd pulled such a move. Earlier in January, before the company’s filing with SEC for buying Grayscale Bitcoin Trust (GBTC) shares became active, the Chairman asked crypto people to take some profits off the table.The price of BTC, however, didn’t experience its 50% drawdown until May after hitting a new ATH at nearly $65k in April.Bitcoin/USD BTCUSD38,144.3640$1,903.404.99%Volume 33.26 bChange $1,903.40Open$38,144.3640Circulating 18.72 mMarket Cap 714.24 bAnTyAnTy has been involved in the crypto space full-time for over two years now. Before her blockchain beginnings, she worked with the NGO, Doctor Without Borders as a fundraiser and since then exploring, reading, and creating for different industry segments.