USA (Washington Insider Magazine)— Edmond de Rothschild (Suisse) S.A., the family-owned banking giant of the prominent European banking dynasty, holds $4.2 million in Bitcoin exchange-traded funds.
Revealed Investments
In a recent regulatory filing with the United States Securities and Exchange Commission (SEC), the organization, founded in 1953, revelead a $4.2 million investment in financial titan BlackRock’s bitcoin ETF, the iShares Bitcoin Trust (IBIT). They also disclosed a $82,121 allocation to the Grayscale ETF (GBTC).
Detailed Holdings
Edmond de Rothschild Holding SA, the parent company, reported the purchase of 103,600 shares of IBIT and 1,300 shares of GBTC, totaling nearly USD 4.3 million in bitcoin ETF investments.
Institutional Presence
The BTC spot price ETFs received approval from the US SEC on January 10. This indicates g a historic milestone that attracted a fundamental institutional presence in the BTC market.
Renowned Institution’s Investment
According to Criptonoticias, with assets under management exceeding $170 billion, Edmond de Rothschild stands as one of the world’s largest financial institutions, tracing its lineage back to the influential Rothschild family, synonymous with global banking.
Market Response
News of the Rothschild family’s venture into spot bitcoin ETFs drew attention from the digital asset community. While some expressed surprise, others viewed the investment as modest for a family renowned for its immense wealth.
Institutional Shift Towards BTC
The Rothschilds’ investment aligns with a broader institutional movement towards bitcoin ETFs. Major banks and financial entities have recently announced their foray into BTC spot price exchange-traded funds.
Industry Examples
Notable examples include US Bancorp, which disclosed investments exceeding USD 15 million in bitcoin ETFs. The bank allocated funds to various ETFs, including Fidelity Assets ETF, GBTC, and IBIT. Similarly, BNY Mellon, a significant US financial institution, announced its investment in ETFs issued by BlackRock and Grayscale at the end of April.
