Legendary investor Bill Miller has set up his flagship fund to buy into Grayscale Bitcoin Trust

SourceBusiness Insider
SectorFinancial Markets
CountryMiddle east

Legendary investor and noted Bitcoin bull Bill Miller endorsed cryptocurrencies yet again on Monday. SEC filings revealed Miller set up his flagship fund, the Miller Opportunity Trust, to invest in Grayscale Bitcoin Trust to gain exposure to the cyrptocurrency market. "The Fund may seek investment exposure to bitcoin indirectly by investing in the Grayscale Bitcoin Trust, an entity that holds bitcoin," management wrote in an SEC filing. Miller has long been one of the top-performing hedge fund managers on the planet, outperforming the market for an incredible 15 straight years. His $2.7 billion Miller Opportunity Trust has a five-year return that puts it among the top 2% of all funds, according to data from Bloomberg. Read more: RBC says to buy these 15 stocks as small companies keep dominating the market - and details why each is a top pick for 2021 A move into bitcoin may help Miller's winning streak continue. However, the trust will have some restrictions on exposure to crypto markets. "The Grayscale Bitcoin...read more...