Chicago-based asset manager Rothschild Investment Corp has added more funds into Grayscale’s BTC and ETH Trust.
This was revealed by a filing with the US SEC in which it was shown that the company bought 265,302 shares from the Grayscale Ethereum Trust at a cost of $4.75 million and 8,000 shares from the Grayscale Bitcoin Trust.
It is worth mentioning that the investment company is not connected with the Rothschild family.
Rothschild Investment Corp was created in 1908 and has its headquarters in Chicago. The company started acquiring shares in 2017, and it now has more than $1.2 billion in assets under management.
Meanwhile, Grayscale has reached the $50 billion mark on April 16th. After the crypto market crash this weekend, the value has fallen to $44.9 billion. Out of this total, the Ethereum Trust has more than $7.2 billion, which makes it the second-largest holding by the firm.