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

Amy Liu

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

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

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. Ether, the native cryptocurrency of the Ethereum blockchain, hit an all-time high north of $2,500 on Thursday.

By Amy Liu

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