Rothschild Investment Corp, which manages more than $1 billion in assets, has tripled its investments inBitcoin through the Grayscale GBTC Foundation.
</p>Thanks to a report to the Securities and Exchange CommissionUS Exchanges (SEC) have learned that the company owns 141,405 shares of the Grayscale Bitcoin Trust (GBTC). At the same time, in the April report the number of shares was 38,346. Considering that each GBTC share is equal to 0.000939767 BTC, it turns out that the Rothschild group owns ₿132. At current exchange rates, this is about $4.1 million.
The asset management company also invested in an Ethereum fund, the Grayscale Ethereum Trust. However, in this case, the number of shares purchased is noticeably smaller - 6,244.
Apparently, the fall in the exchange rate is not too worrisome.executives of Rothschild Investment Corp. However, according to Grayscale CEO Michael Sonnenshein (Michael Sonnenshein), large investors rarely pay attention to short-term fluctuations in rates.
In any case, compared to the total volumeassets managed by the Rothschild group, investments in cryptocurrencies on its part remain extremely insignificant. This is also confirmed by Glassnode analysts, who noted a decrease in the influx of institutional capital into the Canadian Purpose Bitcoin ETF.
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