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Rothschild Investment Boosts Its GBTC and ETHE Holdings

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Mon, 07/19/2021 - 19:32
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Alex Dovbnya
Rothschild Investment has bought 103,059 shares of Grayscale Bitcoin Trust
Rothschild Investment Boosts Its GBTC and ETHE Holdings
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Rothschild Investment Corporation has bought 103,059 more shares of Grayscale Bitcoin Trust, according to a recent filing with the U.S. Securities and Exchange Commission.  

This brings its total GBTC holdings to $4.2 million.   

Grayscale Ethereum Trust has also scooped up 13,817 more shares of Grayscale Ethereum Trust. The Chicago-based investment firm has now invested $6.3 million in ETHE after disclosing its initial stake in the trust in mid-April. 

The firm initially purchased less than $1 million worth of GBTC shares, according to its January filing. 

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It is worth noting that Rothschild Investment Corporation, which was founded by Monroe Rothschild all the way back in 1908, has nothing to do with the famous Rothschild family.  

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.