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Rothschild Investment Corp Increase Bitcoin Exposure Threefold in Q2

2 mins
Updated by Ryan James
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In Brief

  • Rothschild Investment Corp has increased its Bitcoin exposure by more than 300% in Q2.
  • The investment firm now owns 141,405 shares in the Grayscale Bitcoin Trust.
  • Grayscale currently has around $27.3 billion in assets under management.
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Investment firm Rothschild Investment Corp has grown its exposure to Bitcoin by around 300% according to SEC records. 

According to a filing with the United States Securities and Exchange Commission (SEC), Rothschild Investment Corp has significantly added to its Bitcoin exposure. The report shows that the Chicago-based investment firm now owns 141,405 shares of the Grayscale Bitcoin Trust (GBTC). That number is up from 38,346 in Q1 according to the SEC. 

It would appear that Rothschild Investment Corp is not being scared off by the declining value of cryptocurrencies over the last couple of months, especially bitcoin after peaking in May. Meanwhile, Rothschild’s holdings in the Grayscale Ethereum Trust are also on the rise, but on a much smaller scale. While the bitcoin exposure growth is in the hundreds of presents, the ETH holdings were upped by around 5% from 265,302 to 279,119 ETH.

The firm’s holding in both trusts combined is worth around $10.5 million with the bitcoin fund leading the charge with a valuation of around $6.3 million. 

Despite the recent dip, Grayscale CEO, Michael Sonnershein believes that the institutional investors are not paying much attention to the short-term volatility and are instead playing the long game. In an interview with CNBC’s Squawk Box, he stated that “These are really investors looking at their allocations in the medium to long term, and so any volatility or dampening of volatility is not something anyone is fazed by.”

Rothschild Investment Corp continues to commit to crypto

The investment group continues to snatch up bitcoin and ethereum at a high pace, despite prices dipping nearly 50% of what they were earlier this year. The first quarter of 2021 was a busy one for Rothschild, which saw them buy up around $4.75 million in Grayscale Ethereum Trust (ETHE) shares.

This marked the first time the firm invested in ETH after focusing on BTC over the course of its cryptocurrency participation. Meanwhile, Nearly 8,000 shares in the bitcoin trust were bought in Q1 by Rothschild.

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Matthew De Saro
Matthew De Saro is a journalist and media personality specializing in sports, gambling, and statistics. Before joining BeInCrypto, his work was featured on Fansided, Forbes, and OutKick. With a background in statistical analysis and a love of writing, he takes an outside-the-box approach to reporting news.