Chicago-based Rothschild Investment Corporation is increasing its bitcoin holdings. Since October 2020, the company has increased its stake in the Grayscale Bitcoin Trust (GBTC) by 24 percent.
According to an update from the Security and Exchange Commission (SEC), Rothschild Investment Corporation holds 30,454 shares in the Grayscale Bitcoin Trust. Grayscale is an asset manager that enables institutional investors to invest in some of the most popular cryptocurrencies. Only recently Grayscale has the establishment of additional funds on Chain Link (LINK), Basic Attention token (BAT), Decentraland (MANA), Liver peer (LPT) and Tezos (XTZ) based announced .
No ties to the legendary Rothschild family
Rothschild Investment first bought shares in the Grayscale Bitcoin Trust in 2017. A short time later, they sold them and only re-entered the crypto market in 2019.
The investment company founded by Monroe Rothschild in 1908 no longer has any connections with the Rothschild banking family. Nevertheless, the entry of the investment company repeatedly causes controversy in the crypto space.