Wealthfront Becomes First Automated Investment Firm To Offer Bitcoin Price Ex...
Robo-advisor Firm Wealthfront Announced That Clients Can Now Get Bitcoin Price Exposure Through Shares Of Grayscale Bitcoin Trust.On Saturday, Robo-advisor firm Wealthfront announced on its website that clients can now get Bitcoin price exposure through their portfolios. The firm is the first automated investment service to provide Bitcoin price exposure to its clients. Clients at Wealthfront can now get exposure to the Bitcoin price through purchasing “unit investment trusts” of Grayscale Bitcoin Trust. The trusts are added to the clients’ portfolios just like any other ETF offered by....
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On Thursday, the Palo Alto-based automated investment service firm, Wealthfront Inc., announced that customers can now get exposure to crypto assets via the company’s platform. The firm revealed that clients can choose from two Grayscale investment trusts, as the company now offers investments in the Grayscale Ethereum Trust (ETHE) and the Grayscale Bitcoin Trust (GBTC). Wealthfront Connects Customers to Two Grayscale Trusts This week Wealthfront has added two Grayscale crypto trusts to the firm’s menu of investments. Wealthfront is an automated investment operation sometimes....
Wealthfront users will now be able to have up to 10% of their portfolios composed of the Grayscale Bitcoin and Ethereum Trusts. Bitcoin (BTC) and Ether (ETH) exposure has come to one of the world's biggest automated investment firms.In a blog post on July 29, Wealthfront, which has $25 billion in assets, confirmed that it had added two Grayscale funds to its suite of investment options.GBTC buzz returnsThe recent rise in cryptocurrency prices has kept institutional products such as Grayscale's various funds in the spotlight.Wealthfront, an example of a so-called "robo advisor" in the....
Robo-advisor giant Wealthfront will now let its 400,000 clients invest up to 10% of their portfolios in bitcoin through GBTC.
Registered investment advisors (RIAs) with about $110 trillion under management can now offer their clients cryptocurrency trading through Interactive Brokers. RIAs manage portfolios of almost 61 million clients.
Registered Investment Advisors Can Now Offer Cryptocurrencies to Clients
Global investment firm Interactive Brokers Group (Nasdaq: IBKR) announced Monday the launch of cryptocurrency trading for registered investment advisors (RIAs) in the U.S.
This offering will enable RIAs to “trade and custody bitcoin (BTC), ethereum (ETH), litecoin (LTC) and....
Automated trading is not a new concept in the financial industry. But the use of automated bots in cryptocurrency trading has been limited until now. Owing to the high volatility in the cryptocurrencies, including Bitcoin, Litecoin, Dogecoin, and Peercoin, traders have usually felt comfortable in making trading decisions themselves. But, automated bot trading is relatively independent of the human emotions, which often cause more losses than intended. Do Autotraders make money? Autotraders work on algorithms designed using various technical indicators. The bots execute trades based on what....