Auto investment service company Wealtfront adds support to BTC grayscale, trusts ETH

On Thursday, Palo Alto-based auto investment services company Wealtfront, Inc. he announced that customers will now have access to crypto assets through the company’s platform. Customers can choose from two Grayscale Investment Trusts as the company currently offers investments in grayscale ethereum trust (ETHE) and Grayscale bitcoin trust (GBTC), the company said.

Wealth front connects customers to two grayscale trusts
Wealthfront added two grayscale crypto trusts to the company’s investment menu this week. Wealth front is an automated investment operation sometimes referred to as a robotic consultant that provides wealth management services. The company was founded in 2008 by Andy Rachleff and Dan Carroll, and as of 2020, wealtfront’s assets under management (AUM) were $ 15.85 billion.

Wednesday’s announcement points out that Wealthfront customers can now access crypto assets using the trusts of the Grayscale bitcoin and ethereum platform. The news follows the company’s decisiveness to add customized Wealthfront wallets, with hundreds of options to choose from across the two crypto trusts.

“Buying a cryptocurrency can seem scary,” the ad said. “Exploring all options, setting up a wallet and checking an October account takes time and effort. That’s why we’ve facilitated access to bitcoin and Ethereum in your wealthfront portfolio, no portfolio required. Instead of buying the coins yourself, you can invest in GBTC and ethe.”

Crypto trusts via Wealthfront have 10 distribution limits%
Wealtfront says gbtc and / or ETE can be added to any portfolio by choosing a combined combination or a single Trust of up to 10% of the portfolio. The auto investment services company claims a 10% cap is in customers ‘ best interest in terms of risk. “We limit your distribution to GBTC and ETHE because as a proxy we always act to your advantage and these investments can be riskier.

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