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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 91.2% 8 $37 944.65 0.62% 1.46% $742 100 341 920 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 82% 28 $2 090.35 3.23% 1.06% $251 343 888 603 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 91.6% 1 $1.000179 -0.01% -0.01% $89 367 751 013 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 82.4% 26 $228.48 0.61% -2.80% $34 659 804 761 BNB 7 days price change
5 XRP (XRP) XRP XRP predictions 80% 34 $0.609017 0.50% -2.26% $32 819 051 200 XRP 7 days price change
6 Solana (SOL) SOL Solana predictions 60% 81 $60.09 1.22% 5.34% $25 481 553 324 SOL 7 days price change
7 USD Coin (USDC) USDC USD Coin predictions 90.8% 1 $0.999933 0% -0.02% $24 495 618 060 USDC 7 days price change
8 Cardano (ADA) ADA Cardano predictions 74% 44 $0.379017 -0.23% -2.85% $13 382 357 916 ADA 7 days price change
9 Dogecoin (DOGE) DOGE Dogecoin predictions 78.4% 45 $0.083764 3.17% 9.11% $11 898 557 458 DOGE 7 days price change
10 Lido stETH (STETH) STETH Lido stETH predictions 92.8% 1 $2 941.39 -0.40% -3.32% $10 258 752 564 STETH 7 days price change
11 TRON (TRX) TRX TRON predictions 87.2% 21 $0.103648 0.12% 1.40% $9 176 788 153 TRX 7 days price change
12 Wrapped TRON (WTRX) WTRX Wrapped TRON predictions 87.2% 24 $0.102202 -0.93% 0.05% $9 048 771 450 WTRX 7 days price change
13 Toncoin (TON) TON Toncoin predictions 80% 28 $2.42 -0.42% -0.30% $8 313 031 439 TON 7 days price change
14 Chainlink (LINK) LINK Chainlink predictions 69.2% 55 $14.54 0.57% 1.00% $8 098 485 446 LINK 7 days price change
15 Avalanche (AVAX) AVAX Avalanche predictions 55.2% 90 $21.91 4.63% 6.46% $8 001 756 415 AVAX 7 days price change

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