Mariner Wealth Advisors, a registered investment advisory (RIA) with more than $35 billion assets under advisement, is partnering with Eaglebrook Advisors to give clients access to Bitcoin.
The crypto-focused investment firm Eaglebrook says Mariner Wealth is tapping into its BTC separately managed account (SMA) to allow financial advisors to allocate Bitcoin on behalf of clients who want to include the king coin in their investment strategies.
Says Eaglebrook Advisors CEO Christopher King,
“Our investment solution, designed to meet the unique needs of firms such as Mariner Wealth Advisors, makes it easy for their advisors to allocate to Bitcoin.
We expect cryptocurrency adoption to continue and the market to mature, driving even greater demand.”
Interest in Bitcoin among investment firms is on the rise with the price of Bitcoin surging and high-profile investors like legendary hedge fund manager Stanley Druckenmiller and veteran investor Bill Miller revealing they’re on board.
SkyBridge Capital, which manages $7.7 billion in assets, just revealed in a new SEC filing that it may also invest in investment funds that provide exposure to digital assets.
“Investment Funds may invest in digital assets without restriction as to market capitalization or technological features or attributes (including lesser-known or novel digital assets known as “altcoins”) and may invest in initial coin offerings, which have historically been subject to fraud.”
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