Grayscale and Icapital are merging to provide 6,700 consultants access to crypto investments-news
Grayscale and Icapital are merging to provide 6,700 consultants access to crypto investments-news
Grayscale Investments has teamed up with Icapital Network to give more than 6,700 advisors access to his cryptocurrency plant products. "Consultants and their customers have expressed increasing appetite for uncorrelated yield potential in their portfolios, and digital currencies are currently the focus of the conversation," said the CEO of Icapital.
over 6,700 consultants now have access to the crypto investments of Grayscale
Grayscale Investments announced a partnership with Icapital Network on Monday, a platform that connects consultants and wealthy investors with alternative investment managers.
According to the company,ICAPITIL was responsible for more than $ 80 billion in customer assets in more than 780 funds worldwide worldwide. The company based in New York has branches in Zurich, London, Lisbon and Hong Kong.
The partnership will offer "the more than 6,700 network advisors from Icapital Network that offer wealthy customers access to digital currencies via an investment strategy weighted according to Grayscale, according to market capitalization," says the announcement. "The advisors and customers of Icapital now have seamless access to Grayscal's leading investment strategies for digital currencies."
Lawrence Calcano, CEO from Icapital Network, commented:
consultants and their customers have expressed an increasing appetite for uncorrelated return potential in their portfolios, and digital currencies are currently the focus of the conversation.
Grayscale investments is the world's largest asset manager for digital currencies. It has an managed assets (AUM) of $ 43 billion (as of September 9). The company offers 15 crypto investment strategies, including six SEC alignment products.
Hugh Ross, Chief Operating Officer from Grayscale, said: "We are very happy to work with Icapital to offer access to an investment strategy for digital currencies of institutional quality, which is characterized by their transparency as SEC reporting companies."
What do you think of Grayscal's partnership with Icapital to offer thousands of investment advisors access to crypto products? Let us know in the comment area below.
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