Chicago-based Rothschild Investment Corp. has acquired 265,302 shares in Grayscale ETH, according to information filed April 15 with the US Securities Commission (SEC).

The company has also added more Grayscale Bitcoin Trust shares to its holdings as the latest SEC file showed that it increased its balance sheet from 30,454 in January to 38,346 this month.

Rothschild Investment has been accumulating GBTC since 2017, and a recent registration showed that the company’s appetite for working with cryptocurrency is not declining. Ryan Adams, a spokesman for Ether and founder of the crypto-investment company Mythos Capital and Bankless, commented on the latest move and said that BTC is the way to cure for ETH.

The brokerage firm’s history dates back to 1908 and has invested in cryptocurrencies for a relatively long time compared to the huge influx of institutions that has occurred in the last 12 months. The SEC file showed that the company had $ 210,000 in July 2017 when the BTC price was around $ 2000.

Foundation members Monroe Rothschild and son-in-law Samuel Karger are said to have nothing to do with the famous Rothschild family dynasty, which led to confusion in the cryptocurrency community despite the New York Times publishing an article clarifying the situation in 1995.

Grayscale is a leading digital asset manager in the United States offering institutional cryptocurrency options, and the company owns approximately 660,000 BTC, which is 3.5% of BTC in circulation.

The company announced yesterday that total assets have reached $ 50.6 billion, and the fund ETH, or ETHE, currently has over $ 7 billion in total assets, and its shares are currently trading at around $ 24. Total assets exceeded $ 41 billion and shares traded at around $ 59.

Source: CoinTelegraph

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