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# $402 billion Neuberger Berman okays Bitcoin and Ethereum exposure
- URL: https://btcpeers.com/402-billion-neuberger-berman-okays-bitcoin-and-ethereum-exposure-2/
- Published: 2021-08-11T17:30:01.000Z
- Updated: 2023-09-24T15:43:58.000Z
- Author: John Williams
- Tags: News, #saudu, #Import 2025-12-27 14:07

The commodity-focused fund of New York-based private investment firm Neuberger Berman has been cleared to invest in regulated Bitcoin and Ethereum futures through a subsidiary.

Neuberger Berman Commodity Strategy Fund will soon be able to gain exposure to Bitcoin and Ethereum via regulated futures and various investment vehicles such as trusts and exchange-traded funds that offer indirect exposure to [cryptocurrency](https://btcpeers.com/what-is-the-best-cryptocurrency-to-invest-in/).

Gold is currently the largest asset managed by the Commodity Strategy Fund. It accounts for 7.9% of the shares. Meanwhile, corn and heating oil make up 7% and 6.6%, respectively.

In May 2018, the managing director at Neuberger Berman, Steve Eisman, dismissed Bitcoin, claiming that the digital asset had no purpose. His said:

> You're buying and selling something that's impossible to value \[…\] Steven Eisman (speaking of himself) *does nothing with the big Bitcoin. I stay out of it…I don't understand it. I don't know how to value it.*

Steve Eisman came to the limelight after successfully gambling against the U.S. housing bubble in 2007, gaining tremendously from the slump. His character has also been portrayed in a hit Hollywood movie "The Big Short," directed by Adam McKay.