Billion-dollar investment firm Rothschild Investment Corp quadrupled its exposure to Bitcoin (BTC) since April, new records show. In a filing with the United States Securities and Exchange Commission (SEC) on Saturday, Rothschild confirmed that it now owns 141,405 shares of the Grayscale Bitcoin Trust (GBTC). A quiet but nonetheless substantial player among institutions, Rothchild Investment Corp has also invested in Grayscale’s Ether (ETH) equivalent, the Grayscale Ethereum Trust.
Its exposure to Bitcoin has increased considerably this year, the filing shows — in April, its GBTC shares totaled 38,346. In BTC terms, with each GBTC share equal to 0.000939767 BTC, Rothschild thus has an equivalent Bitcoin exposure of 132.8 BTC ($3.94 million). The data implies that declining prices have not fazed executives, while Bitcoin has been maintaining a drawdown for three months after hitting its all-time highs of $64,500 in mid May.
As Grayscale CEO Michael Sonnenshein noted this week, institutional players are likely taking little notice of short-term price moves, instead concentrating on a much lower-time-preference strategy when it comes to cryptocurrency.
# | Crypto | Prediction | Accuracy | CVIX | Price | 24h | 7d | Market Cap | 7d price change | |
1 | BTC | Bitcoin predictions | 76.8% | 42 | $70 181.59 | -0.59% | 9.12% | $1 380 285 312 968 | ||
---|---|---|---|---|---|---|---|---|---|---|
2 | ETH | Ethereum predictions | 76% | 50 | $3 549.53 | -0.77% | 4.33% | $426 194 485 316 | ||
3 | USDT | Tether predictions | 91.6% | 1 | $1.000206 | 0.07% | -0.01% | $104 525 818 800 | ||
4 | BNB | Binance Coin predictions | 63.6% | 80 | $615.62 | 4.81% | 8.81% | $92 057 057 069 | ||
5 | SOL | Solana predictions | 61.2% | 88 | $185.71 | 0.24% | 7.54% | $82 530 358 500 | ||
6 | XRP | XRP predictions | 84% | 28 | $0.629847 | 1.42% | 2.16% | $34 568 671 339 | ||
7 | USDC | USD Coin predictions | 92% | 2 | $1.000077 | 0% | 0% | $32 492 648 969 | ||
8 | DOGE | Dogecoin predictions | 70% | 66 | $0.213858 | -1.24% | 37.38% | $30 723 668 610 | ||
9 | ADA | Cardano predictions | 67.6% | 66 | $0.652274 | 0.14% | 5.07% | $23 210 538 187 | ||
10 | AVAX | Avalanche predictions | 60.4% | 87 | $53.79 | -0.95% | -1.78% | $20 299 633 012 | ||
11 | SHIB | SHIBA INU predictions | 54.8% | 94 | $0.000031 | -4.56% | 14.80% | $18 193 408 608 | ||
12 | TON | Toncoin predictions | 60.4% | 86 | $4.91 | -0.70% | 14.73% | $17 036 072 542 | ||
13 | DOT | Polkadot predictions | 73.6% | 49 | $9.56 | -0.09% | 5.57% | $13 642 215 721 | ||
14 | BCH | Bitcoin Cash predictions | 74% | 57 | $634.20 | 10.67% | 56.80% | $12 482 514 661 | ||
15 | LINK | Chainlink predictions | 80% | 42 | $18.96 | -3.16% | 5.47% | $11 130 742 548 |
Get cryptocurrency price predictions, forecasts with analysis and news right to your inbox.
© 2015-2024 Crypto-Rating.com
The usage of this website constitutes acceptance of the following legal information. Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website, including information about the cryptocurrencies and bitcoin is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Crypto Rating shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about cryptocurrencies. The entire responsibility for the contents rests with the authors. Reprint of the materials is available only with the permission of the editorial staff.