Rothschild Investment Company has purchased more than 250,000 shares of Ethereum Grayskill Fund. The company has also added 8,000 shares to its shares of Bitcoin Gray Fund. It is worth mentioning that this company has nothing to do with the famous Rothschild family.
to the the report The Chicago-based Rothschild Investment Company has bought 265,302 shares of Ethereum GraySkelele Fund, according to information released by the Securities and Exchange Commission (SEC) on April 15. .
The investment company has also added to its holdings in the Grayscale Bitcoin Fund. The latest documents released by the Securities and Exchange Commission show that the number of these shares has increased from 30,454 in January to 38,346 this month.
Rothschild Investment Company has been accumulating shares of the Grayscale Bitcoin Fund since 2017 (2017), and the latest report shows that the company’s appetite for investing in digital currencies has not decreased. Ryan Adams, an Ethereum fan and founder of Mythos Capital and Bankless Digital Currency Investment Company, tweeted about Rothschild’s recent move on Twitter:
Bitcoin is the gateway to Ethereum.
The history of this brokerage company dates back to 1908 (1287 AD) and has a relatively longer history compared to several companies that have entered the field of digital currencies in the last 12 months. An earlier report by the Securities and Exchange Commission showed that the company had $ 210,000 worth of shares in the GrayScale Bitcoin Fund in July 2017. At that time, the price of bitcoin was about two thousand dollars.
Monroe Rothschild and her brother-in-law Samuel Karger, the company’s founders, apparently had no family ties to the famous Rothschild family. Although the New York Times published an article in 1995 (1995), this nominal similarity confused the digital currency community.
In 2017, a Twitter user named Yann Ranchere tried to explain the company’s lack of connection with the Rothschild family by republishing a news item on Twitter about the company’s investment in GraySkill Fund. He wrote:
Not the Rothschild you think.
Gary Skill is a leading American asset management company operating in the field of digital currencies. The company owns approximately 660,000 bitcoins, which is 3.5% of the bitcoin in circulation.
The company announced yesterday that the total assets under its management have now reached $ 50.6 billion. The company’s Ethereum fund is now worth more than $ 7 billion and its stock trades at about $ 24. Assets managed by the Grayscale Bitcoin Fund have also exceeded $ 41 billion and its shares are trading around $ 59. The company wrote in a tweet published yesterday:
Update April 15, 2021: Managed Net Assets, Inventory Per Share, and Market Price Per Share of Our Investment Products. Total assets under management: $ 50.6 billion and consists of BTC, BCH, ETH, ETC, ZEN, LTC, XLM, ZEC, BAT, LINK, MANA, FIL and LPT.