Rothschild Investment Purchases Grayscale Bitcoin and Ethereum Trusts Shares

July 20, 2021      Sahaj Sharma

In accordance with the recent filings with the United States Securities and Exchange Commission by Rothschild Investment Corporation, it has been revealed that the firm has pumped its holdings in Grayscale Bitcoin and Ethereum Trust. The firm has reportedly purchased 103,059 shares of Grayscale Bitcoin Trust and 13,817 shares of Grayscale Ethereum Trust.

Rothschild Investment Racks up Bitcoin and Ethereum, Purchases Grayscale Trust Shares

The recent purchase of Grayscale Bitcoin Trust by Rothschild Investment Corporation makes the value of its total GBTC holdings $4.2 million and $6.3 million in ETHE after making an investment in the Grayscale Ethereum Trust.

Rothschild Investment firm disclosed its initial stake in ETHE back in the month of April.

Moreover, in accordance with the filing of the firm back in the month of January, it should be noted that the firm purchased less than $1 million worth of GBTC shares.

Well, in addition to this, it should be kept in notice that most often the Rothschild Investment Corporation is confused with the famous Rothschild family. The investment company has nothing to do with the popular family.

Capo Predicts Massive Rally for Ethereum

Crypto trader and popular analyst is placing his bet on Ethereum instead of Bitcoin and has revealed that if the crypto market enters a new bullish period, the price of Ethereum could surge by over 430% by 2022.

As for the flippening of Bitcoin by Ethereum, he said:

“If we get the 5th wave in the entire market, Ethereum will probably outperform Bitcoin, and the flippening will be likely. I’m long on ETH/BTC.”

Capo’s expectations from the second-largest cryptocurrencies are quite high as he believes that by 2022, Ethereum will be trading at the level of $10,000 which is over 400% from its current levels. He said:

“In my opinion, the cycle top will be above [$10,000]. There’s no w3-w5 divergence yet, and the fact that extension after such an accumulation period (2018-2020) has been too short. It makes me think that we will see another leg up.”

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Sahaj Sharma
Sahaj Sharma

Sahaj is an aspiring journalist with a keen interest in cryptocurrency and the whole concept of Blockchain technology. He is positive about the future potential of Cryptocurrency and Blockchain in shaping the world of finance for good. At present, he is covering the latest developments in the field of the cryptosphere.