Since April, Rothschild Investments’ Bitcoin exposure has increased by 300%


Rothschild Investment Corp, a multi-billion-dollar investment company, has quadrupled its exposure to Bitcoin (Bitcoin) Since April, new records are displayed.

in a Record On July 17, Rothschild confirmed with the US Securities and Exchange Commission (SEC) that it now owns 141,405 shares of Grayscale Bitcoin Trust (GBTC).

Rothschild GBTC shares close to 150,000

Rothchild Investment Corp is a quiet but still important participant in the organization and has also invested in Grayscale’s Ether (Ethereum) Is equivalent to Grayscale Ethereum Trust.

The documents show that its exposure to Bitcoin has increased significantly this year-in April, its GBTC stock total 38,346.

In terms of BTC, each GBTC share is equal to 0.000939767 BTC, so Rothschild has an equivalent Bitcoin exposure of 132.8 BTC (3.94 million USD).

The data shows that the price drop did not make executives feel uneasy, and Bitcoin continues to fall Three months After hitting a record high of $64,500 in mid-May.

As the CEO of Grayscale Michael Sonnenshein famous This week, institutional participants may seldom notice short-term price changes and instead focus on a much lower time preference strategy for cryptocurrencies.

“Investors in this asset class really don’t pay attention to… short-term price changes,” he told CNBC.

“These are actually investors looking at their allocation in the medium and long term, so any volatility or volatility suppression will not be bothered by anyone.”

On Monday, ARK Invest purchased one Report Owns 310,000 shares of GBTC, bringing its total holdings to 8.81 million shares, accounting for 0.5% of its investment portfolio. At the end of March, GBTC accounted for 0.9% of ARK’s portfolio.

ARK Invest GBTC holdings and GBTC price chart.Source: Cathy’s Ark

A good time for grayscale FUD?

As Cointelegraph Report, Gray is the center of discussion this week, as it unlocked GBTC shares worth more than 16,000 BTC on Sunday.

related: As BTC fell below $31,000, institutional demand for Bitcoin disappeared

Although it can be said to be unfounded fears, there has been a long-standing concern that such incidents will cause downward pressure on Bitcoin prices. Sharpen The drawdowns on Monday and Tuesday fueled the fire.

Grayscale GBTC stream. Source: Bybt.com

In any case, since GBTC investors cannot redeem shares for BTC and then sell them in fiat currency, the Bitcoin market is effectively excluded when it is unlocked.

Grayscale itself only sells a small portion of the trust’s BTC assets for fund management purposes.