Grayscale Investments has partnered with Icapital Network to provide more than 6,700 advisors with access to its cryptocurrency investment products. “Advisors and their clients have shown an increasing appetite for uncorrelated return potential in their portfolios, and digital currencies are the focus of the conversation right now,” said Icapital CEO.
Over 6,700 advisors now have access to Grayscale’s crypto investments
Grayscale Investments announced a partnership with Icapital Network, a platform that connects advisors and high net worth investors with alternative investment managers, on Monday.
As of July 31, Icapital had more than $ 80 billion in client assets in more than 780 funds worldwide, according to the company. The New York-based company has offices in Zurich, London, Lisbon and Hong Kong.
The partnership will “bring Icapital Network’s 6,700+ network advisors who provide high net worth clients access to digital currencies through a grayscale diversified, market cap-weighted investment strategy,” the announcement said. “Icapital’s advisors and clients now have seamless access to Grayscale’s leading digital currency investment strategies.”
Lawrence Calcano, CEO of Icapital Network, commented:
Consultants and their clients have expressed an increasing appetite for uncorrelated potential returns in their portfolios, and digital currencies are the focus of conversation right now.
Grayscale Investments is the world’s largest digital currency asset manager. It has $ 43 billion in assets under management (AUM) as of September 9. The company offers 15 crypto investment strategies, including six SEC reportable investment products.
Hugh Ross, Grayscale’s Chief Operating Officer, said, “We are delighted to be working with Icapital to provide access to an institutional-grade digital currency investment strategy that stands out as an SEC reporting firm for its transparency.”
What do you think of Grayscale’s partnership with Icapital to bring thousands of investment advisors access to crypto products? Let us know in the comments section below.
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