New filings with the The states Securities and Substitution Commission reveal that four wealth management companies take acquired shares of Grayscale's Bitcoin (BTC) investment trust, offering further evidence of institutional adoption of digital assets.

As first 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.

Clear Perspective Advisors, an Illinois-based wealth manager, revealed directly buying of 7,790 GBTC shares on Friday.

Ohio-based Ancora Advisors scooped up thirteen,945 shares of GBTC as of June 30. While that's a small-scale position for the multi-billion-dollar asset manager, it reflects an important strategic move given the company'due south long-term investment perspective.

Meanwhile, two boosted firms added to their GBTC holdings for the June 30 reporting menstruation. Boston Private Wealth, which had previously reported 88,189 GBTC shares as of March 31, increased its exposure to 103,469 shares. Ohio-based manager Parkwood increased its holdings to 125,000 shares from 93,000 at the end of March.

Related: GBTC premium matches Bitcoin price crash levels equally unlocking fear fades

Major firms are finding new and diverse means 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 visitor direct exposure to the digital nugget 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-year cycle theory, which attempts to explain and forecast Bitcoin'southward price from 1 cycle low to some other. With the crypto asset class returning to a higher place $ii trillion this week — representing a $700 billion recovery from the local bottom — it appears that the next stage of the bull cycle is gaining traction.

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