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Wealthfront, A $25 Billion Automated Investment App, Adds Support For Grayscale Bitcoin Trust And Grayscale Ethereum Trust

Mary Liu

Summary: Wealthfront, an automated investment company with $25 billion in assets under management (AUM), has expanded its investment options to Grayscale Bitcoin Trust (GBTC) and Grayscale Ethereum Trust (ETHE).  Wealthfront said it is the first automated investment service platform that can use cryptocurrency as part of a diversified investment portfolio.  The company also reminder its users ...

Wealthfront, an automated investment company with $25 billion in assets under management (AUM), has expanded its investment options to Grayscale Bitcoin Trust (GBTC) and Grayscale Ethereum Trust (ETHE). 

Wealthfront said it is the first automated investment service platform that can use cryptocurrency as part of a diversified investment portfolio. 

The company also reminder its users that crypto investments may be riskier and more volatile than most exchange-traded funds (ETFs), so the company limits the position of GBTC and ETHE to 10% of the entire portfolio.

By Mary Liu

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