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Weekly roundup: Ark Invest, Edge Wealth Management, and Rothschild Investment accumulate crypto

Published 07/23/2021, 05:28 PM
Updated 07/25/2021, 07:40 PM
Weekly roundup: Ark Invest, Edge Wealth Management, and Rothschild Investment accumulate crypto

Weekly roundup: Ark Invest, Edge Wealth Management, and Rothschild Investment accumulate crypto

As the price of Bitcoin returned to more than $32,000 this week, some major firms announced they had increased their exposure to cryptocurrencies through Grayscale’s crypto trusts.

According to a Friday filing with the U.S. Securities and Exchange Commission, or SEC, New York-based investment firm Edge Wealth Management currently holds 54,134 shares of Grayscale’s Bitcoin Trust (GBTC), valued at $27.13 at the time of publication, and 25,280 shares of the company’s Ethereum Trust (ETHE). The crypto holdings are worth almost $2 million at $1,468,655 and $466,668, respectively, roughly 0.3% of the $703 million total assets under management the company reported on Feb. 2.

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