Rothschild Investment Buys $4.75M Initial Stake in Grayscale Ethereum Trust

Posted by Caleb Mpamei on April 16, 2021 - 2:55am Edited 4/16 at 2:59am

The asset manager disclosed Thursday its shares in the Ethereum trust were worth $4.75 million as of March 31.

Chicago-based Rothschild Investment Corporation recently bought 265,302 shares of the Grayscale Ethereum Trust, its first investment in the vehicle.

The institutional investment manager also increased its position in Grayscale Bitcoin Trust by just under 8,000 shares to 38,346 shares, up from the 30,454 shares it reported holding at the end of 2020.
The manager disclosed Thursday its shares in the ETH trust were worth $4.75 million on March 31 and its holdings in the BTC trust were worth $1.92 million.
Rothschild is among the first name-brand institutional asset managers to seek ETH exposure through Grayscale’s trust product, according to regulatory filings.
Grayscale is owned by CoinDesk parent company Digital Currency Group.
Ether, the native cryptocurrency of the Ethereum blockchain, hit an all-time high north of $2,500 on Thursday.

Caleb Mpamei Yes, Simon, that's a significant sum. They are the most erudite investors. Good to watch their moves.

April 16, 2021 at 7:55am

Simon Keighley That's a significant investment into the Grayscale Ethereum Trust, Caleb - thanks for sharing the news.

April 16, 2021 at 7:36am