Wealthfront To Allocate 10 Percent Of Their Portfolio To Customers

The robo-advisor powerhouse with $25 billion in assets is now letting clients invest up to 10 percent of their accounts in bitcoin.

The Grayscale Bitcoin Trust (GBTC) and the Grayscale Ethereum Trust (ETHE) have been integrated to Wealthfront’s platform, a robo-advisor with $25 billion in assets under management.

Those who choose a hands-off approach to investing will benefit from Wealthfront’s platform. Robo-advisors ask clients about their risk profiles and then recommend portfolios that match.

Investments in Grayscale cryptocurrency trusts, which do not require personal custody and can be purchased on standard markets, are a reflection of this form of investing.

“Buying cryptocurrency can feel intimidating — it takes time and effort to research all of the options, set up a wallet, and monitor an additional account. That’s why we’ve made it easy to get exposure to Bitcoin and Ethereum right in your Wealthfront portfolio, no wallets required.” ” — Announced by Wealthfront’s officials

Grayscale Crypto Trust now allows clients to invest up to 10% of their portfolio. Their fiduciary duty is different from the clients of brokerage firms, who have the freedom and flexibility to create the exact portfolios that they want, without any restrictions.

People happily spreaded the news on twitter and appreciated the firm.

A meme in between.

Wealthfront has also added a number of ARK Invest ETFs, including ARKF, ARKG, ARKK, ARKQ, and others, to its ETF offering. Additionally, these ETFs offer exposure to crypto and fintech assets.

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