According to its new SEC filing, financial services company Rothschild Investment Corporation now holds 30,454 shares of Grayscale Bitcoin Trust (GBTC) that allows institutional investors to get exposure to the world's largest cryptocurrency without directly owning it.
Advertisement
This represents a 24 percent increase from October when the crypto king was trading well below $20,000.
No ties to the famous banking family
Founded by Monroe Rothschild in 1908, Rothschild Investment Corporation has been around for several generations of entrepreneurs.
The Chicago-based investment management firm first disclosed its exposure to Bitcoin back in mid-2017. It started off with a relatively modest investment of 539 GBTC shares that were worth only $200,000.
Mon, 01/25/2021 - 17:23
Bank of England Governor Doesn't Think Cryptocurrencies Are Lasting
Alex DovbnyaBitcoin (BTC) Approaches $98,000 as Altcoins Lag Behind
XRP 4 Days of Sleep: What's Next? Dogecoin (DOGE) Hints at Double Top Pattern Formation, Pepe (PEPE) Loses 21% in 6 Days, But There's Still Chance
Binance's CZ Warns About MacBook Vulnerabilities
MicroStrategy Raises Recent Convertible Notes Offer to $2.6 Billion to Buy More Bitcoin
Arman Shirinyan
Vladislav Sopov
Dan Burgin
U.Today Editorial Team