Asset Management Giants Morgan Creek and Exos Submit Bitcoin Fund Application to US SEC

On Thursday, Morgan Creek and Exos Financial submitted a new Bitcoin (BTC) fund application to the US Securities and Exchange Commission. If approved, this fund would provide institutional investors with another way to go long on Bitcoin without the volatility risks that come with direct Bitcoin holdings. Kevin Rooke reported that the Morgan Creek-Exos Risk Management Bitcoin Fund has been submitted to US regulators. The fund intends to provide direct Bitcoin exposure through built-in mechanisms to reduce allocation when quantitative signals turn negative.