{"id":176166,"date":"2023-10-18T03:03:26","date_gmt":"2023-10-17T21:33:26","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=176166"},"modified":"2023-10-18T03:03:26","modified_gmt":"2023-10-17T21:33:26","slug":"bitgo-acquires-crypto-portfolio-management-platform-heightzero-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/bitgo-acquires-crypto-portfolio-management-platform-heightzero-crypto-news\/","title":{"rendered":"BitGo Acquires Crypto Portfolio Management Platform, HeightZero &#8211; Crypto News"},"content":{"rendered":"<div>\n<p>Leading crypto custody company BitGo, has announced its acquisition of\u00a0HeightZero, a platform designed to help\u00a0wealth managers advise their clients on investing\u00a0in cryptocurrencies. With this acquisition, BitGo joins an elite group of digital asset companies that offer a full suite of services to wealth managers. However, the terms of the financial transaction were not disclosed.<\/p>\n<h2 class=\"wp-block-heading\">BitGo\u2019s target amid a likely approval of a Bitcoin ETF<\/h2>\n<p>As blockchain and digital assets continue to rise to the forefront of the wealth management industry, it is becoming increasingly important to meet the needs of a diverse group of asset managers and RIAs. HeightZero helps crypto asset managers with\u00a0automation of\u00a0portfolio management tasks like rebalancing, statement generation, tax loss harvesting, and billing.<\/p>\n<p>The crypto market has endured a torrid climate since the collapse of major institutions like FTX, Genesis Capital and 3AC. Also, fewer investment options\u00a0and investor concerns informed the failure of centralised asset custody institutions\u00a0are preventing more capital from being allocated to cryptocurrencies. By leveraging HeightZero\u2019s services, BitGo can better provide institutional clients with safe, long-term cryptocurrency storage.<\/p>\n<p>The increasing likelihood of a Bitcoin exchange-traded fund (ETF) being approved in the United States has shifted the spotlight to traditional wealth managers and licensed investment advisors (RIAs). HeightZero\u2019s technology platform, paired with BitGo\u2019s experience in institutional-grade\u00a0custody, may be just what asset managers need to safely and securely deliver their complete discretionary service to financial advisors in the US while they wait for the ETF approval.<\/p>\n<p>BitGo says that the imminent approval of a Bitcoin ETF is a clear call to action for wealth managers and RIAs ahead of the ETF\u2019s launch. The company adds that investors may need to move quickly in light of the anticipated rise in demand for Bitcoin that the ETF approval\u00a0is likely\u00a0to spark. That, of course, will depend on the SEC\u2019s next move. However, there\u2019s every reason to be optimistic, going by a recent court ruling\u00a0which signaled the possibility of such approval in the coming weeks.<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Leading crypto custody company BitGo, has announced its acquisition of\u00a0HeightZero, a platform designed to help\u00a0wealth managers advise their clients on investing\u00a0in cryptocurrencies. With this acquisition, BitGo joins an elite group of digital asset companies that offer a full suite of services to wealth managers. However, the terms of the financial transaction were not disclosed. BitGo\u2019s [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":176167,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-176166","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/176166","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=176166"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/176166\/revisions"}],"predecessor-version":[{"id":176168,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/176166\/revisions\/176168"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/176167"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=176166"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=176166"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=176166"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}