{"id":24036,"date":"2023-10-17T13:59:29","date_gmt":"2023-10-17T13:59:29","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/bitgo-acquires-heightzero-to-bolster-crypto-wealth-management-services\/"},"modified":"2023-10-17T13:59:29","modified_gmt":"2023-10-17T13:59:29","slug":"bitgo-acquires-heightzero-to-bolster-crypto-wealth-management-services","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/bitgo-acquires-heightzero-to-bolster-crypto-wealth-management-services\/","title":{"rendered":"BitGo acquires HeightZero to bolster crypto wealth management services"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/10\/1697550573045-9413a370-b3a6-46f6-baa8-f8877824054d-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/10\/1697550573045-9413a370-b3a6-46f6-baa8-f8877824054d-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/10\/1697550573045-9413a370-b3a6-46f6-baa8-f8877824054d-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/10\/1697550573045-9413a370-b3a6-46f6-baa8-f8877824054d-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li>BitGo acquires HeightZero to serve the growing institutional interest in crypto wealth management.<\/li>\n<li>BitGo CEO, Mike Belshe, emphasizes the urgency for wealth managers and RIAs to prepare for an impending Bitcoin ETF approval.<\/li>\n<li>HeightZero\u2019s services enhance BitGo\u2019s capacity to offer secure long-term crypto holdings for institutional clients.<\/li>\n<\/ul>\n<p><a href=\"https:\/\/coinjournal.net\/news\/tag\/cryptocurrency\/\">Cryptocurrency<\/a> custody specialist BitGo has made a strategic move in the rapidly evolving digital asset landscape by acquiring HeightZero, a software platform dedicated to providing wealth managers with tools to incorporate cryptocurrencies into their clients\u2019 portfolios.<\/p>\n<p>While the financial specifics of this acquisition have not been disclosed, the implications are clear for the growing institutional interest in the crypto market.<\/p>\n<h2>Preparing for the imminent Spot Bitcoin ETF approval<\/h2>\n<p>With the anticipated approval of a spot <a href=\"https:\/\/coinjournal.net\/bitcoin\/what-is-bitcoin\/\">Bitcoin (BTC)<\/a> exchange-traded fund (ETF), BitGo\u2019s CEO, Mike Belshe, has issued a clear call to wealth managers and regulated investment advisors (RIAs) to take action before the ETF is launched. Belshe emphasized the importance of acting swiftly in light of the impending surge in Bitcoin demand that the ETF is expected to trigger.<\/p>\n<p>\u201cRIAs should absolutely be calling up BitGo, getting HeightZero, getting qualified custody and doing it now, before the ETF,\u201d Belshe said in a recent interview. \u201cBecause when the ETF hits, there\u2019s going to be massive demand for bitcoin. Now, you can wait for the ETF, and then you can invest in that. But you\u2019re going to miss out on a big growth.\u201d<\/p>\n<h2>HeightZero acquisition by BitGo<\/h2>\n<p>HeightZero has been instrumental in simplifying the integration of cryptocurrencies into traditional wealth management practices. The platform offers a range of services, including portfolio rebalancing, statement generation, tax loss harvesting, and automated billing tailored specifically for crypto clients.<\/p>\n<p>This acquisition strengthens BitGo\u2019s capabilities in facilitating secure long-term holdings for institutions entering the crypto market.<\/p>\n<p>BitGo recently secured $100 million in funding and has been actively seeking strategic acquisitions. While some companies in the crypto industry have faced financial challenges, BitGo\u2019s approach underscores a commitment to a forward-looking strategy. The acquisition of HeightZero aligns with BitGo\u2019s aim to be a leader in providing comprehensive cryptocurrency solutions to institutions, especially as the crypto market continues to evolve and gain traction among mainstream investors.<\/p>\n<p>This acquisition is a significant step for BitGo, marking a deliberate move towards servicing the wealth management sector as digital assets become an integral part of traditional investment portfolios.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/bitgo-acquires-heightzero-to-bolster-crypto-wealth-management-services\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News ) BitGo acquires HeightZero to serve the growing institutional interest in crypto wealth management. BitGo CEO, Mike Belshe, emphasizes the urgency for wealth managers and RIAs to prepare for an impending Bitcoin ETF approval. HeightZero\u2019s services enhance BitGo\u2019s capacity to offer secure long-term crypto [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":24037,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/24036"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=24036"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/24036\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/24037"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=24036"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=24036"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=24036"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}