Robo-Advisor Wealthfront Adds Bitcoin Exposure Offering
Robo-advisor giant Wealthfront will now let its 400,000 clients invest up to 10% of their portfolios in bitcoin through GBTC.Robo-advisor giant Wealthfront has announced it will provide its nearly 400,000 clients with the option to get bitcoin exposure through Grayscale Bitcoin Trust (GBTC).The firm, which provides a hands-free approach to investing and has $25 billion of assets under management (AUM), announced the new addition to its offerings on July 29. But clients will be limited to allocating up to 10% of their portfolios in bitcoin.Wealthfront claimed the limit to be a protection....
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Robo-advisor Firm Wealthfront Announced That Clients Can Now Get Bitcoin Price Exposure Through Shares Of Grayscale Bitcoin Trust.
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....
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....
It is no secret bitcoin entrepreneurs and startups have a vested interest in disrupting the financial system as we know and use it to this very day. Although not everyone may know the name Zhenya Tsvetnenko, this Australian Bitcoin entrepreneur has joined forces with David Pettit to form a new robo-advice platform. FinTech and Bitcoin Collide For New Robo-Advice Platform. People active in the world of financial news may have heard the term robo-advice before, as it seems to be one of the hottest trends in FinTech right now. Especially the millennials demographic is looking for financial....
The Asian FinTech market is taking off, but when it comes to women maintaining their finances the financial jargon involved is typically aimed at those who are already familiar with the world of finance. That’s according to Gina Heng, who has launched a FinTech platform aimed at helping women to manage their finances, reports Enterprise Innovation, a strategic technology website that aids decision makers in enterprises across Asia. Named Miss Kaya, the platform has been designed as the first women-focused financial platform in Asia. Heng states that at present there is no platform....