TYB
Rothschild getting fingers into Bitcoin pie
Rothschild Investment Corporation increases stake in GBTC as institutional adoption grows
The institutional investment manager holds 30,454 shares of Grayscale’s GBTC, according to a new SEC filing. And no, the firm is not part of the Rothschild family dynasty.
Rothschild Investment Corporation, a leading Chicago-based financial institution founded in 1908, has invested heavily in Grayscale’s Bitcoin Trust, according to a Monday morning filing with the United States Securities and Exchange Commission, or SEC.
Rothschild reported owning 30,454 shares of GBTC as of Dec. 31, 2020, according to Form 13F-HR, also known as the institutional manager holdings report. In its October filing, the firm reportedly owned 24,500 shares.
According to its corporate website, Rothschild Investment Corp was founded in 1908 as Rothschild & Company. Its founders, Monroe Rothschild and brother-in-law Samuel Karger, started the firm as a full-service brokerage. However, it's not part of the Rothschild family dynasty, according to Bloomberg.
GBTC represents publicly quoted shares of Grayscale’s increasingly popular Bitcoin Trust, which now has over $20 billion in assets under management. GBTC generated $217.1 million in average weekly inflows during the fourth quarter, a new record high.
Moar at sauce:
https://cointelegraph.com/news/rothschild-investment-corporation-increases-stake-in-gbtc-as-institutional-adoption-grows