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A joint venture between crypto lender BlockFi and investment management firm Neuberger Berman filed for a bitcoin exchange-traded fund (ETF) with the U.S. Securities and Exchange Commission.Notably, the BlockFi NB Bitcoin ETF would offer shares reflecting the spot value of bitcoin held by the trust.Shares issued by the trust would
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Crypto lending firm BlockFi has formed a business with New York-based investment management company Neuberger Berman for the development and distribution of crypto products including exchange-traded funds.In an Oct. 25 announcement, BlockFi said the joint venture, BlockFi Nb, expects to “launch crypto asset management products, including ETFs and other traditional
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“We think this combination will help us to improve on products currently in the market so that we can give investors cost-effective and convenient access to the performance of digital assets from their brokerage accounts,” Greg Collett, president of the new entity, said. Original Source
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New York-based investment management firm Neuberger Berman has filed for a commodity-focused fund to be able to gain indirect exposure to crypto investments. In a filing with the Securities and Exchange Commission today, the investment firm said its Commodity Strategy Fund would allow investors to have indirect exposure to cryptocurrencies and
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