Institutional investors boost exposure to Grayscale Bitcoin Investment Trust (GBTC)

\n

Four American asset-management firms purchased shares of the Grayscale Bitcoin Investment Trust (GBTC), according to data from MacroScope’s Twitter channel.

\n\n\n\n

The firms reported the purchases in filings for the period ended June 30, 2021. Clear Perspective Advisors of Illinois disclosed direct ownership of 7,790 GBTC shares.

\n\n\n\n

In an SEC filing today, Clear Perspective Advisors, a wealth management firm in Aurora, Illinois, reported owning 7,790 shares of Grayscale Bitcoin as of June 30.

Filing:https://t.co/PT21czzjvO pic.twitter.com/WZ7RYk1RBp

— MacroScope (@MacroScope17) August 13, 2021

\n\n\n

Based in Ohio, Ancora Advisors, with assets under management of $9.4 billion, disclosed the purchase of 13,945 shares of the Grayscale Invesments Bitcoin Fund.

\n\n\n\n

BTC institutional watch:

In a filing today, Ancora Advisors, based in Cleveland, reported 13,945 shares of Grayscale BTC as of June 30.

Tiny position for a big firm, but Ancora is a smart long-term shop. Worth watching in coming quarters.

Filing:https://t.co/QLtEbMq3Gd

— MacroScope (@MacroScope17) August 13, 2021

\n\n\n\n

“A tiny position for a big firm, but Ancora is a sensible long-term investment. Worth watching in the coming quarters,” MacroScope commented on the holdings.

\n\n\n\n

Boston Private Wealth, a unit of SVB’s private bank (market cap $33 billion), as of March 31 owned 88,189 shares of the fund. In the latest filing, the firm said it owned 103,469 GBTC shares.

\n\n\n\n

BTC institutional watch:

In an SEC filing today, Boston Private Wealth reported owning 103,469 shares of Grayscale Bitcoin as of June 30.

Previously, it reported 88,189 shares as of end-March.

Boston Private is part of SVB Financial Group (Nasdaq: SIVB), parent of Silicon….

— MacroScope (@MacroScope17) August 13, 2021

\n\n\n\n

Parkwood, a Cleveland-based private investment firm, during this period increased its stake in the Grayscale Bitcoin Fund from 93,000 to 125,000 shares.

\n\n\n\n

BTC institutional watch:

In a SEC filing today, Parkwood, a Cleveland-based private investment firm, reported owning 125,000 shares of Grayscale Bitcoin as of June 30.

Previously, it reported 93,000 shares as of end-March.

Filing:https://t.co/1otANtMCnJ

— MacroScope (@MacroScope17) August 13, 2021

\n\n\n\n

Wealthfront, with $25 billion in assets, opened access for clients to Grayscale’s crypto funds.