The RIA business can heave a sigh of relief as Grayscale beats the SEC in court and its GBTC fund soars in value
Firms like Charles Schwab & Co. and iCapital largely banked on Grayscale managers and mutual funds as a bridge solution only to get burned as discount to assets ballooned and Bitcoin plummeted in value -- a reversal that could continue to unwind
Related Moves
Biz Briefs: AdvicePay waives key hiring requirement to land its next CEO • ESG firms may get OK in Oklahoma • eMoney adds new chiefs • CFP Board names new chair-elect • Robinhood cuts more staff
Alan Moore replaces himself with another guy with two respectable titles • eMoney promotes two • Moisand's third in line now known • Robinhood sacks 173 in year-to-date.