Cryptocurrency News

Another Wealth Manager from the United States Adds Shares to GBTC

With the ever-growing Bitcoin (BTC) adoption in the mainstream industry, more investors are now looking to have their fair share of investments. Just recently, it was one of the most prominent investment corporations “The Rothschild Investment Corporation” that was revealed owning a huge amount of shares at GBTC.

This time, it is a wealth manager from North Carolina “Kingfisher Capital” that has been found to be making huge investments in Bitcoin (BTC). It has been confirmed that Kingfisher Capital has acquired a decent amount of shares at the Grayscale Bitcoin Trust (GBTC).

This information has emerged at the recent filing that was made at the Securities and Exchange Commission (SEC) of the United States.

According to the filing, Kingfisher Capital currently owns 10,667 shares at the Grayscale Bitcoin Trust (GBTC). The details around the filing were shared by the SEC through their website on Thursday, January 28, 2021. This goes onto show that the Kingfisher Capital has also had its perception changed around cryptocurrencies. With time, The Kingfisher Capital has also diversified its investments and focuses of interest.

Kingfisher Capital is one of the very prominent wealth managers that is known for providing exposure to several funds and companies. The wealth manager is already known for being very diverse as it provides exposure from the energy sector to the banking sectors.

The filing report also goes onto show that Kingfisher Capital has recently made its investments in the largest cryptocurrency. According to the SEC website, Kingfisher Capital had no affiliation or exposure to the GBTC for the filings made back in November 2020.

There are speculations that the Kingfisher Capital went for the purchase of Bitcoin (BTC) right when it broke its previous all-time high from 2017. It is being speculated that it is highly likely that Kingfisher Capital made the investment by the end of December 2020.

Following the recent revelations of Kingfisher Capital owning shares in GBTC, the firm has also opened up about its course of action. The Kingfisher Capital has informed through its website that the firm aims to create more openings and opportunities for its investors. It wants to provide them with the maximized values for the assets for the highest profits.

At present, the vast majority of investors that Kingfisher Capital facilitates include business owners, professionals, institutions, and affluent families.

Although there are many other Bitcoin (BTC) trusts in the cryptocurrency industry, yet Grayscale has been gaining a lot of popularity among mainstream institutions. The majority of the mainstream investors are coming to Grayscale to save their Bitcoin (BTC) under the ticker symbol GBTC.

Recently, it was the Rothschild Investment Corporation that turned out to be the owner of around 30,454 at GBTC. Quite surprisingly, the Rothschild Investment Corporation has been linked with Grayscale for longer than Kingfisher Capital.

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