With the rise of bitcoin and other cryptocurrencies it is no surprise that many ETF’s would like to get their foot in the door and allocate some of their resources to own them. Recently, LoCorr Macro Strategies Fund (LFMAX) and Arrow DWA Tactical: Macro ETF (DWAT) have asked for approval from the SEC to invest in bitcoin indirectly. To do this they wouldn’t buy the currency outright, they would invest in bitcoin futures or ETFs.
ETF Newz Says:
If Arrow funds proposal is accepted they will be able to invest 10% in ETFs, trusts, and other exchanges that are related to bitcoin. The LoCorr fund does not have a set percentage but they say they don’t invest more than 25% of their assets to one counterparty.