Rothschild Investment Corporation now hold 30,454 shares in GBTC

Rothschild Investment Corporation, an institutional grade investment manager has increased its stake in Grayscale’s GBTC.

The Chicago based financial institution has increased its investment in Grayscale’s Bitcoin Trust or GBTC, based off a Monday morning filing with the United States Securities and Exchange Commission (SEC).

See Also: Nasdaq-listed institutional investor buys $150 million worth of Bitcoin 

In the filing, Rothschild stated that it presently owns 30,454 shares of GBTC as at December 31st, 2020. In a previous filing in October the firm reportedly owned 24,500 shares of GBTC.

Rothschild Investment Corporation was founded in 1908 with the name Rothschild & Company according to its corporate website. The firm started as a full-service brokerage. Although, Bloomberg states that it’s not part of the Rothschild family dynasty.

The institutional grade investment manager is one of many big institutional investors to diversify into the cryptocurrency market in the past year.

The Grayscale Bitcoin Trust or GBTC currently has over $20 billion in assets under management (AUM). GBTC has become very popular even among institutions.