New York-based investment management firm Neuberger Berman has filed for a commodity-focused fund to exist able to gain indirect exposure to crypto investments.

In a filing with the United States Securities and Exchange Commission (SEC) today, the investment firm said its Commodity Strategy Fund would allow investors to accept indirect exposure to cryptocurrencies and digital assets through Bitcoin (BTC) and Ether (ETH) futures, too equally Bitcoin trusts and commutation-traded funds, or ETFs. According to the filing, the fund plans to gain exposure to crypto through a subsidiary.

Neuberger Berman reported the fund had more than than $164 million in assets under management as of July 31, roughly 0.04% of the firm'due south total AUM, or $402 billion. The company published a web log in March from senior figures at the firm proverb "An investment in cryptocurrency should not exist considered function of a standard asset allotment."

"We'd rather view [Bitcoin] every bit an option that pays off when expectations for an uncertain, inflationary future increase, and brand the finite, non-human controlled supply dynamics of cryptocurrencies valuable," said the firm. "Those with exposure should understand the speculative nature of their investment and — potential windfalls notwithstanding — exist prepared to part with near all their committed capital."

Related: GoldenTree Nugget Management is reportedly investing in Bitcoin

The Neuberger Berman filing comes following comments from SEC Chair Gary Gensler, who recently hinted that he would exist more open to accepting exchange-traded funds based on crypto futures rather than through directly exposure. Nugget manager VanEck and investment house Invesco accept both announced plans to launch ETFs with indirect exposure to crypto through Bitcoin futures and other investment vehicles.