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 expressed a growing appetite for the potential for uncorrelated return in their portfolios, and digital currencies are currently at the center of the conversation,” said the CEO of Icapital.
Over 6,700 Advisors Now Have Access To Grayscale Crypto Investments
Grayscale Investments announced on Monday a partnership with Icapital Network, a platform connecting high net worth advisers and investors with alternative investment managers.
According to the company, Icapital managed more than $ 80 Billion in client assets in over 780 funds around world as of July 31. The New York-based company has offices located in Zurich and London, Lisbon, Hong Kong, and Lisbon.
The partnership “will provide Icapital Network’s more than 6,700 network advisers serving high net worth clients with access to digital currencies through a grayscale diversified market capitalization-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 a growing appetite for the potential of uncorrelated return in their portfolios, and digital currencies are currently the center of the conversation.
Grayscale Investments is the largest global digital currency asset manager. As of September 9, its assets under management (AUM), stood at $ 43 billion. The company offers 15 cryptocurrency investment strategies, six of which are SEC-submitted.
Hugh Ross, Chief Operating Officer of Grayscale, said: “We are delighted to partner with Icapital to provide access to an institutional grade digital currency investment strategy that differentiates itself through its transparency as an SEC reporting company.
What do you think Grayscale’s partnership is with Icapital in order to offer crypto products to thousands upon thousands of investment advisers? We’d love to hear from you in the comments section.
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