Rothschild Investment Acquires $ 4.75 Million Grayscale Ethereum (ETH) Trust Stock • Coinexc

World-renowned asset manager Rothschild Investment expanded its portfolio by purchasing the Grayscale Ethereum (ETH) Trust product.

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The asset manager Rothschild Investment Corp bought 265,302 shares from the Grayscale Ethereum Trust worth $ 4.75 million. The company also purchased 8,000 shares of the Grayscale Bitcoin (BTC) Trust product, according to the information provided to the SEC. The company previously had 38,346 GBTC shares.

It’s Not The Rohschild You Think

Rothschild Investment Corp has nothing to do with the Rothschild family, but many people in the community misunderstand this. Founding members Monroe Rothschild and her brother-in-law, Samuel Karger, said the firm had no relation to the wealthy dynasty originally from Frankfurt. In 1995, the New York Times published an article that clarified the differences between the two families.

Rothschild Investment Corp was founded in Chicago in 1908. The firm has over $ 1.2 billion in its portfolio. The company is also known for its investments in crypto assets.

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