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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 66.4% 75 $17 101.84 1.27% 3.22% $328 724 568 377 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 64.4% 73 $1 282.48 1.20% 7.27% $156 941 554 038 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 95.2% 1 $0.999994 0.01% 0.06% $65 362 262 254 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 67.6% 64 $300.71 0.02% 1.05% $48 104 579 847 BNB 7 days price change
5 USD Coin (USDC) USDC USD Coin predictions 91.2% 1 $1.000052 0% -0.02% $43 253 658 738 USDC 7 days price change
6 Binance USD (BUSD) BUSD Binance USD predictions 90.8% 1 $0.999988 0.02% -0.05% $22 215 099 814 BUSD 7 days price change
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11 Polygon (MATIC) MATIC Polygon predictions 68.4% 71 $0.922059 5.79% 8.50% $8 053 552 200 MATIC 7 days price change
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13 Dai (DAI) DAI Dai predictions 93.6% 1 $0.999969 -0.03% -0.02% $5 653 257 262 DAI 7 days price change
14 Wrapped TRON (WTRX) WTRX Wrapped TRON predictions 66.4% 63 $0.054684 1.55% 5.62% $5 560 018 768 WTRX 7 days price change
15 Litecoin (LTC) LTC Litecoin predictions 64.4% 78 $77.31 -1.46% -0.52% $5 545 390 448 LTC 7 days price change

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