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Rothschild Investment Corporation, one of Chicago’s oldest employee owned investment manager, has invested in digital currency bitcoin via Bitcoin Investment Trust (GBTC), according to the documents sent to the Securities and Exchange Commission (SEC).
According to the details provided, Rothschild Investment Corporation has acquired shares of Bitcoin Investment Trust (GBTC) for $210,000.
Sponsored by Grayscale Investments, the Bitcoin Investment Trust is an open-ended grantor trust based in the U.S. Its shares are publicly quoted securities solely invested in and deriving value from the price of bitcoin. The publicly traded shares officially started trading under the ticker GBTC in 2015.
This news is being viewed as a positive development for the cryptocurrency industry.
Rothschild bought #bitcoin today via Bitcoin Investment Trust (GBTC). Mainstream adoption is happening. Institutional investors are buying. pic.twitter.com/DZ4AOQ06QM
— Joseph Young (@iamjosephyoung) July 22, 2017
BREAKING: Rothschild Buy $BTC Bitcoin via $GBTC Bitcoin Investment Trust 539 SH https://t.co/2jm71uscCF /// https://t.co/gJ4z93rKld
— Brian Cohen (@inthepixels) July 22, 2017
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