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Rothschild Investment Corp has increased its Bitcoin exposure by 300% since April


21 Jul 2021

#Bitcoin

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.


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Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap 7d price change
1 Bitcoin (BTC) BTC Bitcoin predictions 76.8% 42 $70 181.59 -0.59% 9.12% $1 380 285 312 968 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 76% 50 $3 549.53 -0.77% 4.33% $426 194 485 316 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 91.6% 1 $1.000206 0.07% -0.01% $104 525 818 800 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 63.6% 80 $615.62 4.81% 8.81% $92 057 057 069 BNB 7 days price change
5 Solana (SOL) SOL Solana predictions 61.2% 88 $185.71 0.24% 7.54% $82 530 358 500 SOL 7 days price change
6 XRP (XRP) XRP XRP predictions 84% 28 $0.629847 1.42% 2.16% $34 568 671 339 XRP 7 days price change
7 USD Coin (USDC) USDC USD Coin predictions 92% 2 $1.000077 0% 0% $32 492 648 969 USDC 7 days price change
8 Dogecoin (DOGE) DOGE Dogecoin predictions 70% 66 $0.213858 -1.24% 37.38% $30 723 668 610 DOGE 7 days price change
9 Cardano (ADA) ADA Cardano predictions 67.6% 66 $0.652274 0.14% 5.07% $23 210 538 187 ADA 7 days price change
10 Avalanche (AVAX) AVAX Avalanche predictions 60.4% 87 $53.79 -0.95% -1.78% $20 299 633 012 AVAX 7 days price change
11 SHIBA INU (SHIB) SHIB SHIBA INU predictions 54.8% 94 $0.000031 -4.56% 14.80% $18 193 408 608 SHIB 7 days price change
12 Toncoin (TON) TON Toncoin predictions 60.4% 86 $4.91 -0.70% 14.73% $17 036 072 542 TON 7 days price change
13 Polkadot (DOT) DOT Polkadot predictions 73.6% 49 $9.56 -0.09% 5.57% $13 642 215 721 DOT 7 days price change
14 Bitcoin Cash (BCH) BCH Bitcoin Cash predictions 74% 57 $634.20 10.67% 56.80% $12 482 514 661 BCH 7 days price change
15 Chainlink (LINK) LINK Chainlink predictions 80% 42 $18.96 -3.16% 5.47% $11 130 742 548 LINK 7 days price change

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