Rothschild Investment Corp Expands Crypto Holdings with Grayscale Trust Shares

Rothschild’s Bold Move into Grayscale’s Ether Trust

In a significant update from the world of crypto investments, Rothschild Investment Corp, based in Chicago, has made headlines by acquiring an impressive 265,302 shares in Grayscale’s Ethereum Trust. This bold move was confirmed by a recent filing with the United States Securities and Exchange Commission (SEC) on April 15. It’s like they decided to take the dive into the ether pool with a cannonball!

Boosting Bitcoin Holdings

Not only did Rothschild put a ring on the Ethereum trust, but they also increased their holdings in the Grayscale Bitcoin Trust (GBTC). Their latest SEC filing indicates that they upped their Bitcoin shares from 30,454 in January to 38,346! Talk about a serious commitment to the crypto lifestyle.

The Long Game: A Crypto Timeline

The history of Rothschild’s investments in crypto dates back to 2017, long before it became the buzzword on every trader’s lips. Back in July 2017, their SEC filing showed ownership of $210,000 worth of GBTC when Bitcoin was cruising at around $2,000. It’s almost like they had a crystal ball for crypto trends.

Who’s Who of the Rothschilds

For those scratching their heads wondering if there’s a familial tie to the famous Rothschild dynasty, worry not! Founding members Monroe Rothschild and his brother-in-law Samuel Karger have no connection to that illustrious family. Despite the public confusion—thank you, New York Times, for clearing that up in 1995—crypto enthusiasts still mix up the two names. Just a friendly reminder: they’re not rolling in the same fortune!

Grayscale’s Dominance in the Digital Asset Space

Grayscale, the heavyweight champion among U.S. digital asset managers, continues to tower over the competition. Holding approximately 660,000 Bitcoins—accounting for 3.5% of all BTC in circulation—Grayscale’s latest asset report shows total assets under management soaring to $50.6 billion. With the Ether Trust now boasting over $7 billion in AUM, they must have a large enough team to handle all that hype!

Final Thoughts

With Rothschild’s increasing involvement in digital asset management, the message is clear: the appetite for cryptos is growing, and investors are not afraid to jump on the bandwagon. It seems they believe that Bitcoin is indeed the “gateway drug” to Ethereum, as crypto expert Ryan Adams pointedly remarked. Watch out – if you’re a crypto skeptic, you might just be getting FOMO!