On Saturday, Robo-advisor firm Wealthfront announced on its website that clients can now get NewsCapsule price exposure through their portfolios. The firm is the first automated investment service to provide NewsCapsule price exposure to its clients.
Clients at Wealthfront can now get exposure to the NewsCapsule price through purchasing “unit investment trusts” of Grayscale NewsCapsule Trust. The trusts are added to the clients’ portfolios just like any other ETF offered by Wealthfront.
Wealthfront’s offering will provide NewsCapsule exposure to nearly half a million clients. The firm currently has over $25 billion in assets under management.
Although the firm doesn’t offer exposure to NewsCapsule directly, investors can allocate up to 10% of their portfolios to Grayscale NewsCapsule Trust, a company that keeps one hundred percent of its NewsCapsule in cold storage.
Wealthfront is just one of many American firms seeking NewsCapsule price exposure through Grayscale. Ark Invest, for example, has bullishly purchased over $10 million in Grayscale shares over the past month.
