Mariner Wealth Advisors, a registered investment advisor (RIA) with advisory assets of more than $ 35 billion, is partnering with Eaglebrook Advisors to provide clients with access to Bitcoin (BTC) .
Cryptographic investment firm Eaglebrook says Mariner Wealth is tapping its BTC Separately Managed Account (SMA) to enable financial advisors to allocate Bitcoin on behalf of clients looking to incorporate the leading cryptocurrency into their investment strategies. Christopher King, CEO of Eaglebrook Advisors, said :
Our investment solution, tailored to the specific needs of firms like Mariner Wealth Advisors, makes it easy for their advisors to assign Bitcoin. We expect the adoption of cryptocurrencies to continue and the market to mature, which will generate even greater demand.
Bitcoin pulls well-known investors and funds under its spell
Investment firm interest in Bitcoin is growing at a rapid pace. The just as rapidly increasing Bitcoin price is undoubtedly particularly helpful . More and more investment giants are also committed to BTC. For example, top-class investors such as the legendary hedge fund manager Stanley Druckermiller and veteran investor Bill Miller have revealed that they are on board with Bitcoin.
SkyBridge Capital, which manages $ 7.7 billion in assets, recently revealed in a recent SEC filing that it may also invest in mutual funds that provide access to digital assets. Among other things, the application states:
Mutual funds can invest in digital assets (including lesser-known or newer digital assets known as „altcoins“) with no limitation on market capitalization or technological features or attributes and can invest in initial coin offerings that have suffered fraud in the past.
Institutional investors help drive the Bitcoin price rally
Many believe that institutions will be a driving force in the Bitcoin course bullrun to a new 2020 high.
The Digital Asset Management Review found that the total volume of Exchange Traded Products (ETP) increased 53% in the past 30 days. The average daily volume is now $ 173.5 million compared to $ 113 million in October.
ETPs are types of securities that track 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 dynamism, given that it had more than $ 9 billion in assets under management.