Grayscale and Icapital Partner to Provide 6,700 Advisors Access to Crypto Investments

Grayscale and Icapital Partner to Provide 6,700 Advisors Access to Crypto Investments

Grayscale Investments has partnered with Icapital Network to provide more than 6,700 advisors access to its cryptocurrency investment products. “Advisors and their clients have expressed increasing appetite for uncorrelated return potential in their portfolios, and digital currencies are at the center of the conversation right now,” said the CEO of Icapital. Over 6,700 Advisors Now Have Access to Grayscale’s Crypto Investments

Grayscale Investments announced Monday a partnership with Icapital Network, a platform connecting advisors and high net worth investors to alternative investment managers.

Icapital services more than $80 billion in client assets across more than 780 funds globally as of July 31, according to the company. The New York-headquartered firm has offices in Zurich, London, Lisbon, and Hong Kong.

The partnership will “offer Icapital Network’s more than 6,700 network advisors serving high-net-worth clients with access to digital currencies through a Grayscale diversified market-cap weighted investment strategy,” the announcement details. “Icapital’s advisors and clients will now have seamless access to Grayscale’s leading digital currency investment strategies.”

Lawrence Calcano, CEO of Icapital Network, commented: Advisors and their clients have expressed increasing appetite for uncorrelated return potential in their portfolios, and digital currencies are at the center of the 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 Sept. 9. The firm offers 15 crypto investment strategies, including six SEC-reporting investment products.

Hugh Ross, chief operating officer of Grayscale, opined: “We are thrilled to collaborate with Icapital to provide access to an institutional-quality, digital currency investment strategy that is differentiated by its transparency as an SEC reporting company.”

What do you think about Grayscale’s partnership with Icapital to offer thousands of investment advisors access to crypto products? Let us know in the comments section below. Walmart and Litecoin Payment News Debunked by Walmart Spokesperson, LTC Prices Shudder from Fake News NEWS | 3 hours ago Biggest Bank in El Salvador Now Accepts Bitcoin as Payment for Financial Products NEWS | 12 hours ago Tags in this story financial advisors, grayscale, grayscale icapital, Grayscale Investments, icapital, icapital network, wealth management

Image Credits: Shutterstock, Pixabay, Wiki Commons Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments