AdvisorShares Launches Managed Bitcoin Strategy ETF (Ticker: CRYP)
FOR IMMEDIATE RELEASE
Morgan Creek Capital Management CEO & CIO Mark Yusko will serve as portfolio manager of ETF
Bethesda, MD. — April 27, 2022 — AdvisorShares, a leading sponsor of actively managed ETFs, today announced that the AdvisorShares Managed Bitcoin Strategy ETF (Ticker: CRYP) will begin trading on April 27th. CRYP is sub-advised by Morgan Creek Capital Management, LLC “Morgan Creek.” Mark W. Yusko, CEO and CIO of Morgan Creek, will serve as the portfolio manager of CRYP.
The AdvisorShares Managed Bitcoin Strategy ETF (NYSE Arca: CRYP) seeks long-term capital appreciation through actively managed exposure to bitcoin futures. CRYP achieves this exposure by investing in U.S. bitcoin-related ETFs and may invest in U.S. exchange-traded bitcoin futures contracts. CRYP seeks to actively manage risk with its investment exposure based on expectations for the value of bitcoin. CRYP can tactically reduce or increase the portfolio’s bitcoin exposure from anywhere from zero to fully invested. For example, CRYP can be fully invested when the manager’s indicators suggest a future rise in bitcoin’s price. Conversely, its bitcoin futures exposure can be reduced, and moved to short duration fixed income instruments, when the manager’s indicators suggest a future decline in price.
“We believe steadfastly that blockchain technology and digital assets present a generational opportunity for investors,” said Mr. Yusko. “We feel that digital asset seasonality is a good thing for investors, and while volatility can surface, CRYP provides a risk-managed offering that seeks both to capture upside return and provide a smoother investment ride. We’re excited about this ETF and how investors can use it as a diversification tool for their digital asset exposure.”
“We’re thrilled to partner with Mark Yusko and the Morgan Creek team and leverage their experience when introducing CRYP to the ETF marketplace,” added Noah Hamman, CEO of AdvisorShares. “Mark has been at the forefront of innovation, and particularly in the digital asset space. We believe CRYP provides a risk-managed offering that differentiates it from other offerings in the ETF space.”
For more information on CRYP, visit: advisorshares.com/etfs/cryp
AdvisorShares remains committed to providing ongoing investment education for its ETF shareholders, prospective investors and the investment community at large. AdvisorShares will host a live webinar featuring Messrs. Hamman and Ahrens to discuss the UAV ETF and how it may be positioned within an investment portfolio. You may learn more and register at the AdvisorShares Event Center
AdvisorShares remains committed to providing ongoing investment education for its ETF shareholders, prospective investors and the investment community at large. AdvisorShares regularly hosts live webinars featuring portfolio managers and leading industry experts. You may learn more and register at the for upcoming educational sessions on different investment strategies.
AdvisorShares is a leading provider of actively managed ETFs. For financial professionals and investors requesting more information, call 1-877-843-3831 or visit www.advisorshares.com. Follow @AdvisorShares on Twitter and Facebook for more insights.
About Morgan Creek
Morgan Creek Capital Management, LLC is an asset manager founded by Mark W. Yusko, the former CIO of the University of North Carolina Endowment. The firm has decades of investment experience and relationships around the globe, and is a thematic investor focusing on important secular macro trends such as innovative technology, the wealth transfer to developing markets, next generation consumers, as well as demographics and new models in healthcare delivery.
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