Investment management entity from New York Neuberger Berman has reportedly submitted the filing for a commodity-centric fund, offering exposure to crypto investments in an indirect manner. 

Specifically, via a filing with the US SEC, on August 11th, the investment company reportedly remarked that its Commodity Strategy Fund would make it possible for investors to achieve exposure to crypto and virtual assets, in an indirect manner, via Bitcoin (BTC) and Ether (ETH) futures, together with Bitcoin trusts and exchange-traded funds (ETFs). 

Per the submitted filing, the fund reportedly seeks to gain exposure to crypto via the assistance of a subsidiary. 

Data from Neuberger Berman reportedly revealed an overall figure of over $164 million in assets it is currently providing management services for as of July 31st, approximately taking up 0.04% of the company’s total AUM, or $402 billion. 

The firm reportedly shared via a blog released in March this year, from senior executives claiming that “An investment in cryptocurrency should not be considered part of a standard asset allocation.”

“We’d rather view [Bitcoin] as an option that pays off when expectations for an uncertain, inflationary future increase, and make the finite, non-human controlled supply dynamics of cryptocurrencies valuable” 

Per Neuberger Berman, the individuals having exposure to crypto need to acquire sufficient knowledge of the speculative nature of their investment, as well as possible risks tagging along, and “be prepared to part with almost all their committed capital.”

The Neuberger Berman filing reportedly surfaced not long after remarks from SEC Chair Gary Gensler was made, who recently noted that he would be taking an increasingly open stance towards accepting exchange-traded funds based on crypto futures, instead of via direct exposure.