Mariner Wealth Advisors, a registered investment advisory firm (RIA) with over $35 billion in advisory assets, is working with Eaglebrook Advisors to provide clients with access to Bitcoin (BTC).
Eaglebrook, the cryptography investment firm, says Mariner Wealth is tapping its BTC Separately Managed Account (SMA) to enable financial advisors to allocate Bitcoin on behalf of clients who wish to incorporate the leading crypto currency into their investment strategies. Christopher King, CEO of Eaglebrook Advisors, commented
Our investment solution, which is tailored to the specific needs of firms like Mariner Wealth Advisors, makes it easy for their advisors to allocate Bitcoin. We expect the introduction of crypto-currencies to continue and the market to mature, resulting in even greater demand.
Bitcoin casts a spell on well-known investors & funds
The interest of investment companies in Bitcoin is growing at a rapid pace. Particularly helpful here is undoubtedly the just as rapidly rising Bitcoin course. Likewise more and more investment sizes confess themselves to BTC. For example, high-caliber investors such as the legendary hedge fund manager Stanley Druckenmiller and the veteran investor Bill Miller revealed that they are on board with Bitcoin.
SkyBridge Capital, which manages $7.7 billion in assets, recently revealed in a new SEC filing that it may also invest in mutual funds that provide access to digital assets. Among other things, the motion states
Mutual funds may invest in digital assets (including lesser-known or novel digital assets known as „Altcoins“) without restriction on market capitalization or technological features or attributes, and may invest in initial coin offerings that have been subject to fraud in the past.
Helping Institutional Investors Advance the Bitcoin Course Rally
Many believe that Bullrun on the Bitcoin course to a new 2020 high institutions will be a driving force.
The Digital Asset Management Review found that the total volume of Exchange Traded Products (ETP) has increased by 53% in the last 30 days. The average daily volume is now $173.5 million, compared to $113 million in October.
ETPs are types of securities that replicate underlying securities, indices or financial instruments, in this case Bitcoin (BTC).
The report cited Grayscale’s Bitcoin Trust product as one of the main drivers of the momentum, with more than $9 billion in assets under management.