Renowned American financial services firm Kingfisher Capital holds a total of 10.667 shares in Grayscale Investments' Grayscale Bitcoin Trust.
The financial services company's involvement Kingfisher Capital in the investment fund in Bitcoin (BTC) Grayscale's was revealed in a presentation The company's investment information table, recently published by the U.S. Securities and Exchange Commission (SEC), shows that Kingfisher Capital has a wide number of investments in different companies and industries, including companies related to the cryptocurrencies, .
As of the date of this edition, the financial services firm has a total of 10.667 shares in the Grayscale Bitcoin Trust (GBTC). Therefore, taking into account the current value of each GBTC share, which is around $33,7 USD, Kingfisher Capital has around $360.000 USD invested in the fund.
Likewise, Kingfisher Capital also has shares in Paypal, one of the companies that recently opened payment and custody services for bitcoins and other cryptocurrencies; in addition to Coca-Cola, which is implementing the technology blockchain to improve the traceability and transparency of its supply chain; and in Goldman Sachs, which may soon begin offering financial services with cryptocurrencies according to several sources. Other companies that are related to the digital industry, and where Kingfisher Capital also has investments, are NVIDIA, one of the largest manufacturers of graphics cards GPU used by miners of various blockchain networks, and the crypto investment company Square.
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Institutional interest in Bitcoin increases
According to a Twitter user, at the time of Kingfisher Capital's investment filing with the SEC in November 2020, the company had no investments in Grayscale's GBTC, so it can be assumed that the firm's investments in this fund were made recently.
Grayscale has become the gateway for many traditional investors who want to gain exposure to cryptocurrencies, as a new class of investment assets, without worrying about risking their funds by having to manage the private keys of these crypto assets.
Rothschild Investment also increases its stake in GBTC
In addition to Kingfisher Capital's recent disclosed stake in the Grayscale Bitcoin Trust (GBTC), the investment bank Rothschild InvestmentChicago-based ETF also announced that it has increased its exposure to Bitcoin through this fund.
Rothschild Investment has been investing in the Grayscale Bitcoin Trust since 2017, and held around 23.000 shares in the fund. As of December 31, the entity revealed, in its SEC filing, that it owns a total of 30.454 shares, increasing its stake in GBTC by more than 20% between October and December 2020. At the time of the filing, Rothschild Investment said its investment in GBTC amounts to more than $1,03 million.
Grayscale has more than $25 billion in total assets under management, the company said on its Twitter account.
Bitcoin gains popularity among Spanish investors
According to a study, Bitcoin and cryptocurrencies are gaining greater popularity among financial advisors and investors in Spain. The company applied the second Barometer of the Digital Transformation of Investment in Spain to measure the level of acceptance of cryptocurrencies and digital assets among investment professionals involved in the country's financial industry. results This study shows that 70% of Spanish financial advisors and investors are looking to expand their knowledge of digital assets, seeing this new asset class with great investment potential.
The study also revealed that digital assets are the only ones that were not and are not being affected by the economic crisis caused by COVID-19.
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