Rothschild Buy GBTC Bitcoin Dip ETF

According to a filing with the United States Securities and Exchange Commission (SEC) from July 19, Rothschild Investment Corp has almost quadrupled its indirect bitcoin position since April, showing a “buy the dip” mentality during BTC’s recent price decline.

The document details that the investment manager based out of Chicago increased its holdings of Grayscale Bitcoin Trust (GBTC) shares to 141,405 from 38,346 over the last quarter. Rothschild’s indirect position in BTC now represents approximately $4.2 million, compared to $1.92 million in the first quarter.

Leave a Reply

Your email address will not be published. Required fields are marked *