in

$7 Billion Investment Firm Horizon Kinetics Grows Bitcoin Exposure

$7 Billion Investment Firm Horizon Kinetics Grows Bitcoin Exposure


Investment firm Horizon Kinetics has revealed new details about how it has used Bitcoin to improve the performance of one of its top equity funds.

In an interview with Financial Times, the $7 billion investment firm revealed its Kinetics Paradigm fund increased exposure to the Grayscale Bitcoin Trust (GBTC) in Q2 2021.

As of June 30, the Paradigm fund maintained a 5.8% allocation to GBTC, making Bitcoin exposure effectively its second largest holding. This was up from an initial 1% allocation in 2016, according to the firm. Today Financial Times reported GBTC has grown to 10% of the Paradigm fund.



Source link

What do you think?

Expert

Written by Bitcoin

Content Author

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

Subscribers, Earnings Disclosed – The Hollywood Reporter

Joint Artificial Intelligence Center to Pilot a Responsible AI Procurement Process