New filings with the U.s. Securities and Exchange Commission reveal that four wealth direction companies take caused shares of Grayscale's Bitcoin (BTC) investment trust, offering farther evidence of institutional adoption of digital assets.

Every bit kickoff reported past MacroScope — a Twitter feed devoted to institutional trading and nugget management — the firms disclosed their GBTC holdings in new filings for the flow ending June 30.

Articulate Perspective Advisors, an Illinois-based wealth managing director, revealed directly ownership of seven,790 GBTC shares on Friday.

Ohio-based Ancora Advisors scooped up 13,945 shares of GBTC as of June 30. While that's a pocket-sized position for the multi-billion-dollar nugget director, information technology reflects an of import strategic move given the visitor's long-term investment perspective.

Meanwhile, two additional firms added to their GBTC holdings for the June xxx reporting period. Boston Private Wealth, which had previously reported 88,189 GBTC shares equally of March 31, increased its exposure to 103,469 shares. Ohio-based managing director Parkwood increased its holdings to 125,000 shares from 93,000 at the cease of March.

Related: GBTC premium matches Bitcoin price crash levels as unlocking fright fades

Major firms are finding new and various ways to gain exposure to Bitcoin and other digital assets. As Cointelegraph reported, tech giant Intel recently disclosed a sizable position in Coinbase stock, a move that finer gives the company direct exposure to the digital asset market.

Institutions are likely to increment their exposure to crypto in the coming months — provided that the bullish narrative continues to play out. Many crypto observers subscribe to four-twelvemonth cycle theory, which attempts to explain and forecast Bitcoin's price from one cycle low to another. With the crypto asset course returning above $2 trillion this week — representing a $700 billion recovery from the local bottom — it appears that the next phase of the balderdash cycle is gaining traction.

Related: Bitcoin's off-chain data points to more upward momentum for BTC price