The Fund may seek investment exposure to bitcoin indirectly by investing in the Grayscale Bitcoin Trust, an entity that holds bitcoin. However, the Fund will not make any additional investments in the Grayscale Bitcoin Trust if, as a result of the investment, its aggregate investment in bitcoin exposure would be more than 15% of its assets at the time of investment.
The last few months have been crazy for the crypto community with the prices rising exponentially because of software giants like Paypal, MicroStrategy, and other publically traded companies having started to add Bitcoin, Ethereum and other cryptocurrencies to their company sheets.
This sounds like they intend to keep it capped at 15% of their portfolio. So if it starts off at 5% and BTC appreciates, they will start selling overage above 15%— Elmer Lin (@elmerlin) February 5, 2021