Rothschild Investment Corp has increased its Bitcoin exposure by 300% since April
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.
Top Cryptocurrencies with Price Predictions
| # | Crypto | Prediction | Accuracy | CVIX | Price | 24h | 7d | Market Cap | 7d price change | |
| 1 |  BTC |
Bitcoin predictions | 70.8% | 61 | $27 769.57 | 0.34% | -1.21% | $536 754 799 967 |  |
|
|---|---|---|---|---|---|---|---|---|---|---|
| 2 |  ETH |
Ethereum predictions | 78% | 45 | $1 760.08 | 0.25% | -3.71% | $215 388 158 297 |  |
|
| 3 |  USDT |
Tether predictions | 94% | 1 | $1.000733 | -0.01% | -0.23% | $79 080 219 026 |  |
|
| 4 |  BNB |
Binance Coin predictions | 70.4% | 55 | $326.69 | 0.81% | -4.05% | $51 580 669 015 |  |
|
| 5 |  USDC |
USD Coin predictions | 90.8% | 2 | $0.999682 | -0.01% | -0.03% | $33 902 351 134 |  |
|
| 6 |  XRP |
XRP predictions | 79.2% | 31 | $0.446466 | -3.10% | 12.47% | $22 747 856 843 |  |
|
| 7 |  HEX |
HEX predictions | 61.6% | 82 | $0.083065 | -7.66% | -5.41% | $14 404 450 316 |  |
|
| 8 |  ADA |
Cardano predictions | 75.6% | 39 | $0.354052 | -1.61% | 0.76% | $12 296 599 101 |  |
|
| 9 |  STETH |
Lido stETH predictions | 96% | 1 | $2 941.39 | -0.40% | -3.32% | $10 258 752 564 |  |
|
| 10 |  MATIC |
Polygon predictions | 73.2% | 45 | $1.091200 | -0.69% | -10.47% | $9 908 609 587 |  |
|
| 11 |  DOGE |
Dogecoin predictions | 78% | 42 | $0.074319 | -1.03% | -2.69% | $9 860 013 376 |  |
|
| 12 |  BUSD |
Binance USD predictions | 92.8% | 1 | $0.999782 | -0.03% | -0.07% | $8 022 603 277 |  |
|
| 13 |  SOL |
Solana predictions | 72.8% | 46 | $20.76 | 0.18% | -7.29% | $7 971 638 329 |  |
|
| 14 |  DOT |
Polkadot predictions | 79.6% | 39 | $6.01 | -0.11% | -8.80% | $7 035 460 173 |  |
|
| 15 |  LTC |
Litecoin predictions | 74% | 57 | $92.76 | 0.43% | 7.61% | $6 731 324 739 |  |
