Morgan Creek and Exos file Bitcoin fund with SEC

Morgan Creek and Exos file Bitcoin fund with SEC

Morgan Creek Capital Management and Exos Financial filed a new (BTC) fund with the United States Securities and Exchange Commission on Thursday. If approved, the fund will offer institutional investors another way to long the flagship cryptocurrency without the volatility of owning it outright.

Kevin Rooke reported Friday that the Morgan Creek-Exos Risk Management Bitcoin Fund has been filed with U.S. regulators. The fund intends to provide direct exposure to Bitcoin with built-in mechanisms to reduce allocation when quantitative signals turn negative.