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Rothschild Investment Corp More Than Tripled Bitcoin Exposure in Q2
The institutional investment manager also increased its holdings in the Grayscale Ethereum Trust by about 5%.
Updated Sep 14, 2021, 1:27 p.m. Published Jul 20, 2021, 12:29 p.m.
Rothschild Investment Corp more than tripled its exposure to bitcoin in the second quarter.
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- The Chicago-based institutional investment manager increased its holdings of Grayscale Bitcoin Trust shares to 141,405 from 38,346 in the prior quarter, according to Securities and Exchange Commission documents filed Monday.
- Its holdings in the the Grayscale Ethereum Trust rose about 5% to 279,119 from 265,302.
- According to the filings, the firm's holdings in the BTC and ETH trusts are worth $4.2 million and $6.2 million, respectively. These figures compare with valuations of $1.92 million and $4.75 million in the first quarter.
- Grayscale is owned by CoinDesk parent company Digital Currency Group.
Read more: Grayscale Unveils DeFi Fund Linked to New CoinDesk Index
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