{"id":324541,"date":"2021-08-14T22:26:26","date_gmt":"2021-08-14T19:26:26","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/wealth-managers-gain-exposure-to-bitcoin-via-grayscale-according-to-new-sec-filings\/"},"modified":"2021-08-14T22:26:26","modified_gmt":"2021-08-14T19:26:26","slug":"wealth-managers-gain-exposure-to-bitcoin-via-grayscale-according-to-new-sec-filings","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/wealth-managers-gain-exposure-to-bitcoin-via-grayscale-according-to-new-sec-filings\/","title":{"rendered":"# Wealth managers gain exposure to Bitcoin via Grayscale, according to new SEC filings"},"content":{"rendered":"<p>&#8220;<strong># Wealth managers gain exposure to Bitcoin via Grayscale, according to new SEC filings  <\/strong>&#8221;<br \/>\n<img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDgvYjkxNTAzYzktMWIyYS00MzhjLTgzNTItOTc2MjNlZmFkNzA4LmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-128018ef>New filings with the United States Securities and Exchange Commission, or SEC, reveal that four wealth management companies have acquired shares of Grayscale\u2019s Bitcoin Investment Trust, offering further evidence of institutional adoption of digital assets.\u00a0<\/p>\n<p>As first reported by MacroScope, a <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a> feed devoted to institutional trading and asset management, the firms disclosed their GBTC holdings in new filings for the period ending June 30, 2021. <\/p>\n<p>Clear Perspective Advisors, an Illinois-based wealth manager, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/MacroScope17\/status\/1426314689856868354\">revealed<\/a> direct ownership of 7,790 GBTC shares on Friday. <\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">In an SEC filing today, Clear Perspective Advisors, a wealth management firm in Aurora, Illinois, reported owning 7,790 shares of Grayscale Bitcoin as of June 30.<\/p>\n<p>Filing:<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/PT21czzjvO\">https:\/\/t.co\/PT21czzjvO<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/WZ7RYk1RBp\">pic.twitter.com\/WZ7RYk1RBp<\/a><\/p>\n<p>\u2014 MacroScope (@MacroScope17) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/MacroScope17\/status\/1426314689856868354?ref_src=twsrc%5Etfw\">August 13, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>Ohio-based Ancora Advisors <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/MacroScope17\/status\/1426288419819425792\">scooped up<\/a> 13,945 shares of GBTC as of June 30. While that\u2019s a small position for the multi-billion-dollar asset manager, it reflects an important strategic move given that the company has a long-term investment perspective. <\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">BTC institutional watch:<\/p>\n<p>In a filing today, Ancora Advisors, based in Cleveland, reported 13,945 shares of Grayscale BTC as of June 30.<\/p>\n<p>Tiny position for a big firm, but Ancora is a smart long-term shop. Worth watching in coming quarters.<\/p>\n<p>Filing:<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/QLtEbMq3Gd\">https:\/\/t.co\/QLtEbMq3Gd<\/a><\/p>\n<p>\u2014 MacroScope (@MacroScope17) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/MacroScope17\/status\/1426288419819425792?ref_src=twsrc%5Etfw\">August 13, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Meanwhile, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/MacroScope17\/status\/1426207659032776709\">two<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/MacroScope17\/status\/1426203621218267138\">additional<\/a> firms added to their GBTC holdings for the June 30 reporting period. Boston Private Wealth, which had previously reported 88,189 GBTC shares as of March 31, increased its exposure to 103,469 shares. Ohio-based manager Parkwood boosteits holdings to 125,000 shares from 93,000 at the end of March.<\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>GBTC premium matches Bitcoin price crash levels as unlocking fear fades<\/em><\/strong><\/p>\n<p>Major firms are finding new and diverse ways for gaining exposure to Bitcoin and other virtual assets. As Cointelegraph reported, tech giant Intel recently disclosed a sizable position in Coinbase stock, which provides direct exposure to the digital currency market. <\/p>\n<p>Institutions are likely to increase their exposure to digital assets in the coming months \u2014 provided that the bullish narrative continues to play out. Many crypto observers subscribe to four-year cycle theory, which attempts to explain and forecast Bitcoin\u2019s price from one cycle low to another. With the crypto asset class returning above $2 trillion this week \u2014 representing a $700 billion recovery from the local bottom \u2014 it <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ears that the next phase of the bull cycle is gaining traction.\u00a0<\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Bitcoin\u2019s off-chain data points to more upward momentum for BTC price<\/em><\/strong><\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/wealth-managers-gain-exposure-to-bitcoin-via-grayscale-according-to-new-sec-filings\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Wealth managers gain exposure to Bitcoin via Grayscale, according to new SEC filings &#8221; New filings with the United States Securities and Exchange Commission, or SEC, reveal that four wealth management companies have acquired shares of Grayscale\u2019s Bitcoin Investment Trust, offering further evidence of institutional adoption of digital assets.\u00a0 As first reported by MacroScope,&#8230;<\/p>\n","protected":false},"author":1,"featured_media":324542,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDgvYjkxNTAzYzktMWIyYS00MzhjLTgzNTItOTc2MjNlZmFkNzA4LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[86524,74862,74937,82548,76550,74898],"class_list":["post-324541","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-asset-management","tag-bitcoin","tag-bitcoin-price","tag-gbtc","tag-grayscale","tag-sec"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/324541","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=324541"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/324541\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/324542"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=324541"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=324541"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=324541"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}