Bitcoin positions Rothschild Investment Corp. rose strongly after the market crash.
Amid Bitcoin's fall, a number of large investors seized their opportunity. The main player investing in Bitcoin amid the collapse was Rothschild Investment Corp.
In a document filed with the US Securities and Exchange Commission (SEC), it is indicated that Rothschild Investment now owns 141,405 shares in the Grayscale Bitcoin Trust Fund (GBTC). Back in April of this year, Rothschild held 38,346 shares of GBTC
This fund offers large institutional investors an easy way to invest in BTC.
Subscribe to ForkNews on Telegram to stay up to date with news from the world of cryptocurrencies
You May Also Like
Elon Musk sold $1.1 billion worth of Tesla shares
According to the latest financial report, the businessman sold more than a billion dollars worth of shares.
Bitcoin: 22% of coins in the hands of speculators
According to Chainalysis's recently updated annual study, "long-term investors sold about $24 billion of Bitcoin to new speculators between December 2017 and April 2018, with half of the sales occurring in the month of December alone. This unprecedented injection of liquidity is responsible for the price decline during that period." Obviously, when holders sell a financial product, its price falls, and it can fall quite significantly.
