Grayscale – the world’s largest US-based digital asset fund – recently partnered with fintech investment platform iCapital to provide cryptocurrency investing strategy to more than 6,700 clients of the latter.
Crypto exposure for high net worth clients
As reported By Globe News Wire, the partnership will combine iCapital’s technology and investment capabilities with Grayscale’s cryptocurrency expertise. Together, iCapital will provide access to Grayscale’s “diversified market capitalization weighted investment strategy” to its thousands of clients.
Lawrence Calcano, president and CEO of iCapital Network, said cryptocurrencies are of great interest to high net worth clients, making a grayscale partnership a logical next step:
“Advisors and their clients have expressed a growing appetite for the potential for uncorrelated return in their portfolios, and digital currencies are the center of the conversation right now… We are delighted to partner with Grayscale, a recognized leader in the industry. investment in digital currencies with the experience to help investors navigate this dynamic asset class.
The grayscale data indicates a similar trend. Their investigation of financial advisers shows that 61% of their clients have approached them for more information on cryptocurrency investing.
Grayscale Managing Director Hugh Ross expressed his enthusiasm for the deal and acknowledged how diversification into cryptocurrency can help wealth managers store their wealth over time, especially around the world. today.
“In a world with billions of dollars in fiscal stimulus and negative real interest rates, the wealth management industry recognizes the benefits of diversification and the potential for hedging against inflation that digital currencies can. offer in an investment portfolio. “
Grayscale: America’s Best Option for Crypto Exposure
Regarding the partnership, Ross added that Grayscale differentiates itself from other potential iCapital partners by its “transparency as an SEC reporting company”.
Indeed, although attempts to create a Bitcoin or cryptocurrency ETF in the United States have been repeatedly rejected by the SEC, regulators continue to accept Grayscale and many of its products.
The digital asset manager recently doubled the number of SEC reporting products to six, adding a Bitcoin Cash trust, Litecoin trust and Ethereum Classic trust.
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