Rothschild Investment Corp, has acquired more than 250,000 shares in Grayscale’s ETH trust, and added 8000 shares to its BTC trust holdings — however the firm holds zero ties to the famed Rothschild family dynasty.
Following the launch of Canada’s first Bitcoin ETF, shares in Grayscale’s Bitcoin Trust have spent an entire month trading at a discount compared to spot BTC for the first time.
Cathie Wood’s asset manager significantly boosted its stake in the Grayscale Bitcoin Investment Trust.
The manager of $1.4 billion first bought bitcoin trust shares in 2017.
The sell-off also led to major corrections for other cryptocurrencies including ether, stellar, xrp and chainlink.
In Q4 2020, the company raised $3.3 billion across its cryptocurrency investment vehicles.
The firm’s bitcoin AUM rose by more than $3 billion in a week.
In a research report by JPMorgan’s global markets team, analysts noted that Grayscale Bitcoin Trust’s flow trajectory outperformed gold exchange traded funds.