Kingfisher Capital, a Due north Carolina wealth manager, has scooped up 10,667 shares of the Grayscale Bitcoin Trust, according to a recent filing with the United States Securities and Substitution Commission, or SEC.

The filing, which appeared on the SEC website on Th, highlights Kingfisher Capital'due south growing diversification. The wealth manager has exposure to hundreds of companies and funds across various sectors, from banking to free energy.

Kingfisher reportedly had no exposure to Grayscale's production as of Nov 2020, which means its purchase was recent, perhaps while Bitcoin (BTC) was at or almost all-time highs.

On its website, Kingfisher says its mission is to "maximize value" for its investors, which primarily compromise flush families, business organisation owners, institutions and professionals.

The Grayscale Bitcoin Trust, which trades under the ticker symbol GBTC, has become a preferred method for gaining straight exposure to the digital asset. As Cointelegraph reported, a New York investment manager by the name of Rothschild Investment Corporation recently upped its exposure to GBTC to 30,454 shares as of December. 31, 2020.

Total assets held under Grayscale's Bitcoin Trust are worth over $20 billion, the fund manager disclosed Wednesday.

Grayscale'due south products take go a magnet for institutional investors. Total investments into Grayscale products reached $3.three billion in the fourth quarter of 2020, which translated into average weekly inflows of $250.vii million. The Bitcoin investment trust was by far the nearly popular fund, generating $217.1 1000000 in average weekly inflows.