$1,700,000,000 Investment Firm Bolsters Holdings in Grayscale Bitcoin and Ethereum Trusts

$1,700,000,000 Investment Firm Bolsters Holdings in Grayscale Bitcoin and Ethereum Trusts


Asset management firm Rothschild Investment Corporation reveals in a filing that it bought tens of thousands of shares of Grayscale’s products in the last quarter.

Data from the US Securities and Exchange Commission (SEC) shows that Rothschild significantly increased the number of shares it held in the digital asset manager’s Bitcoin and Ethereum trusts in a span of three months.

 

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During the quarter that ended on March 31st, the number of shares that Rothschild held in the Grayscale Bitcoin Trust (GBTC) stood at 38,346. The figure rose to 141,405 shares by June 30th, marking a 269% increase.

The number of shares that Rothschild held in the Grayscale Ethereum Trust (ETHE), on the other hand, rose from 265,302 by the end of the first quarter to 279,119 during the second quarter, a 5% increase.

The value of Rothschild’s GBTC shares jumped from $1.92 million on March 31st to $4.21 million as of June 30th while the value of the

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