Robo-Advisor Wealthfront Offers Clients Crypto Exposure

Robo-Advisor Wealthfront Offers Clients Crypto Exposure

Wealthfront clients can now gain exposure to crypto through the addition of two cryptocurrency trusts to the robo-advisor’s investment offering.

  • The Palo Alto-based firm has expanded its roster of investment vehicles to include the Grayscale Bitcoin Trust (GBTC) and Grayscale Ethereum Trust (ETHE).
  • This move marks the first by a major robo-advisor in the U.S. to offer clients crypto exposure, an announcement by Wealthfront Friday claimed.
  • Clients will be able to allocate up to 10% of their total portfolio to the two trusts, with crypto's volatility cited as the reason for this restriction.
  • Wealthfront is among the largest robo-advisory platforms in the world with $25 billion in assets under management.
  • Grayscale Investments is a subsidiary of CoinDesk's parent company Digital Currency Group.
  • Source

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