2021-8-14 17:24 |
In the latest institutional buying update, several firms added crypto exposure in the quarter ending June 30, 2021.
As first reported by MacroScope, according to the recent filings with the US Securities and Exchange Commission (SEC), Ancora Advisors disclosed holding 13,945 shares of Grayscale Bitcoin Trust (GBTC) and 2,674 shares of Grayscale Ethereum Trust (ETHE).
Cleveland-based Ancora with $6.2 bln assets under its management is a family wealth advisory, retirement plan, and investment management services provider.
Another company to join Ancora is Cleveland-based private investment firm Parkwood which increased its exposure to 125,000 shares of GBTC, from 93,000 GBTC shares at the end of March. It also added 189,275 shares of ETHE to its crypto exposure.
Boston Private Wealth, a part of SVB Financial Group (Nasdaq: SIVB), the parent company of $33 billion Silicon Valley Bank, reported owning 103,469 shares of GBTC, representing an increase of 17.3% from Q1. Boston Private Wealth didn’t report any ETHE holdings.
In addition to this list, Illinois-based wealth management firm Clear Perspective Advisors also reported owning only 7,790 GBTC shares.
GBTC is a $30.9 billion Trust of the world’s largest digital asset manager, Grayscale Investments, which is currently trading at a 10.46% discount, having shrunk from its mid-May high of 21.48% discount, according to Bybt. ETHE meanwhile is trading at a 4.72% discount, having recovered from 14.34% three months back.
Though small holdings, these latest holdings reveal that the mania of crypto has started to take effect and is reaching all the corners of the traditional market, big and small alike.
The post Four New Firms Report Adding Exposure to GBTC and ETHE as Grayscale Discount Continues to Shrink first appeared on BitcoinExchangeGuide.Similar to Notcoin - Blum - Airdrops In 2024