LoCorr Funds and Arrow Funds will indirectly invest in Bitcoin

Time：2022-03-02 Source： 1259 views Policy Copy share

Two funds, LoCorr Funds and Arrow Funds, are seeking to provide investors with indirect exposure to bitcoin through established products that run macro strategies.

According to disclosed regulatory filings, the two funds will add exposure to bitcoin to mutual funds and ETFs, respectively, by investing in bitcoin futures or bitcoin ETFs.

The LoCorr Macro Strategies Fund (LFMAX), which currently has $1.4 billion in assets, may invest in exchange-traded bitcoin futures contracts, derivatives used as a proxy for securities, interest rates, currencies and commodities, according to SEC disclosures. Alternatives and Hedging.

Separately, Arrow Funds revealed plans to add bitcoin ETF investments to its macro funds.

However, neither fund will directly invest in bitcoin, and the two funds have not yet commented on the matter.

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