Global investment firm Guggenheim Investments has filed with the United States Securities and Exchange for a new fund that may seek exposure to Bitcoin (BTC).

According to a Tuesday filing, the new Guggenheim Active Allocation Fund will be a diversified, closed-end management investment fund that may seek investment exposure to cryptocurrencies like Bitcoin through cash-settled derivatives instruments. Such instruments include exchange-traded futures, investment tools offering exposure to BTC as well as other cryptocurrencies through direct investments or indirect exposure such as derivatives contracts, the filing notes.

The company stated that the fund’s exposure to crypto can result in substantial losses to the fund, citing a number of risks associated with the industry:

“Cryptocurrency is a new technological innovation with a limited history; it is a highly speculative asset and future regulatory actions or policies may limit, perhaps to a materially adverse extent, the value of the Fund’s indirect investment in cryptocurrency and the ability to exchange a cryptocurrency or utilize it for payments.”

According to the document, Guggenheim’s chief investment officer Scott Minerd will be responsible for the day-to-day management of the fund’s portfolio alongside assistant CIO Anne Bookwalter Walsh, managing director Steve Brown, and director Adam Bloch.

Last year, Guggenheim placed another SEC filing, stating that its Guggenheim Macro Opportunities Fund may seek investment exposure to Bitcoin indirectly through investing up to 10% of its net asset value in Grayscale Bitcoin Trust.

Minerd is known for his somewhat mixed stance on crypto and Bitcoin as the executive referred to the crypto market as “Tulipmania” after Bitcoin sank to nearly $30,000 on May 19. Despite comparing the crypto industry to a financial bubble, Minerd is still bullish on Bitcoin in the long term, predicting earlier this year that BTC can potentially hit $600,000.