Chicago-based company Rothschild Investment Corporation has boosted its position in Bitcoin. The corporation invested in the leading cryptocurrency using the Grayscale fund. Since October, the amount of assets invested in BTC by the firm has soared by 24% and is now about $1 million.
Rothschild Investment first spent in cryptocurrency through Grayscale back in 2017. Then it was covered by the media, after which it pointed out that the company was not at all related to the Rothschild family, and the confluence of the names is just a coincidence. The foundation was established by Monroe Rothschild and Samuel Karger – two Illinois entrepreneurs. In an interview given to the New York Times, they underlined that they never declared their association with the Rothschild clan.
Last week it became clear that another key market participant became involved with the cryptocurrency – BlackRock, the biggest investment corporation in the world, whose funds operate assets worth $8.7 trillion. She informed the US Securities and Exchange Commission that her two funds are thinking about trading Bitcoin futures.
