Miller Opportunity Trust Might Invest In GBTC
It has been reported that Miller Opportunity Trust is looking into investing in GBTC via the Grayscale Bitcoin Trust. Miller Opportunity Trust is a fund ran by the Miller Value Funds that is managed and founded by legendary investor Bill Miller.
This information was found out based on the regulatory filing that said that the trust “may seek investment exposure to bitcoin indirectly by investing in the Grayscale Bitcoin Trust.” The filing was done with the SEC and after positive comments about Bitcoin from Bill Miller many times throughout the past several months.
Based on data from the website of Miller Value Funds, they currently have around $2.25 billion assets under management at the end of the year 2020.
This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.