iTrustCapital CEO Kevin Maloney: 50% of Clients Are Buying Bitcoin as $1 Billion Goes to Work Last Quarter
Key Takeaways
- •iTrustCapital CEO Kevin Maloney reported that approximately $1 billion was deployed on the platform last quarter, with a couple hundred million dollars coming from clients' cash positions.
- •Maloney said the platform serves more than 100,000 clients who can access assets such as Bitcoin and gold through self-directed US individual retirement accounts.
- •Retirement investors on the platform typically allocate 5 to 15 percent, and Maloney described their money as long-horizon 'stickier capital' rather than funds chasing short-term price moves.
- •The interview addressed the Clarity Act's failed vote and the additional crypto market-structure regulation Maloney believes is still required.
- •Maloney also discussed custody and vendor risks, ETF flows, the platform's quantitative trading tool, and his 18-month macro outlook.
Kevin Maloney, chief executive officer of iTrustCapital, says approximately $1 billion went to work on his platform last quarter, including a couple hundred million dollars deployed from clients' cash positions.
The comments come in a Bitcoin Magazine interview titled "$1.3B iTrust Capital CEO: 50% of Clients are Buying Bitcoin," which draws on what Maloney says are more than 100,000 clients on the platform. He explains what he is seeing from clients, why he says investors are not "chasing candles," and what the shift in behavior tells him about the cycle.
iTrustCapital operates at the intersection of crypto and US retirement accounts, offering access to assets such as Bitcoin and gold inside self-directed individual retirement accounts. That framing matters for reading the deployment figures: retirement capital is positioned for long horizons, which is the context for Maloney's description of client money as "stickier capital." The discussion also lands amid unresolved US market-structure questions, with the Clarity Act — the crypto market-structure bill — appearing in the agenda both for its failed vote and for the regulation still needed afterward.
Among the topics discussed in the interview: whether October marked the low and what client behavior shows; investor fatigue and the Clarity Act's failed vote; how retirement investors allocate, with allocations of 5 to 15 percent and what Maloney describes as "stickier capital"; custody and vendors, and where bridging Bitcoin and traditional finance can break; stocks, ETFs, and chasing yield, and why iTrustCapital expanded; the platform's quantitative trading tool and who uses it; what regulation is still needed after the Clarity Act; the macro outlook, ETF flows, and Maloney's 18-month view; and gold versus Bitcoin, Q pricing, and final thoughts.
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The post first appeared on Bitcoin Magazine and is written by Patrick Green.
