$25B investment firm adds 'riskier' Grayscale GBTC and ETHE for clients

$25B investment firm adds 'riskier' Grayscale GBTC and ETHE for clients

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 investments space, will

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Record outflows from Canada’s biggest Bitcoin fund see BTC reserves drop by 50%

Record outflows from Canada’s biggest Bitcoin fund see BTC reserves drop by 50%

A Canada-based Bitcoin fund, operated by 3iQ Corp, has witnessed a dramatic decline in its BTC reserves since June.Literally named the Bitcoin Fund (QBTC:CN), the closed-end investment product, was holding around 24,000 BTC in its vaults in early June. However, as the monthly session progressed, the reserves first dropped to below 16,000 BTC in a dramatic, straight-line decline. Later, another massive withdrawal pushed the Bitcoin Fund’s BTC reserves to around 13,000 BTC, according to on-chain

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Millennials Prefer Bitcoin to Alibaba, Netflix Stock as GBTC Hits $10K

Millennials Prefer Bitcoin to Alibaba, Netflix Stock as GBTC Hits $10K

Data from Charles Schwab makes it clear that Bitcoin is considered one of the most viable investment opportunities by the younger generation. Millennials prefer to hold Bitcoin (BTC) equity than invest in some of the world’s best-known companies, surprising new data reveals. In a report originally released in November, Charles Schwab, one of the United States’ biggest brokerage firms, shed new light on the increasingly pro-Bitcoin stance of Millennials compared to previous generations. GBTC makes inroads…

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