Institutional Investors Gain Exposure to Grayscale's Bitcoin Trust: Report
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16 August
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Four American wealth managers have acquired shares in the Grayscale Bitcoin Trust (GBTC), according to MacroScope. According to an SEC filing, Clear Perspective Advisors now owns 7,790 GBTC (~$297,000) shares, while Ancora Advisors — a management firm with $9.4 billion in assets under management — purchased 13,945 shares (~$531,000) of the bitcoin fund.

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Boston Private Wealth — a division of the private bank SVB with market capitalization of $33 billion — owns 103,469 GBTC shares (~$3.94 million). Parkwood, a financial services firm, revealed that it had increased its stake in the Grayscale Bitcoin Investment Trust from 93,000 up to 125,000 GBTC shares (~$4.76 million).

Horizon’s Paradigm Fund Allocates 10% of Portfolio into Grayscale's Bitcoin Trust

As iHodl earlier reported, Wealthfront, an automated investment service firm, added support for Grayscale Bitcoin Trust (GBTC) and Grayscale Ethereum Trust (ETHE). The service became the first one to make it possible to gain exposure to cryptocurrency as part of a diversified portfolio with automation features. However, users can allocate only up to 10% of their total portfolio in Grayscale's products.

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