Increase Bitcoin investment
Rothschild Investment Corporation (hereinafter Rothschild Investment), a major US investment company, is equivalent to $ 975,000 (about 100 million yen) as of the end of December 2020 in the Bitcoin (BTC) investment trust (GBTC) provided by US Grayscale. It was found that it owns 30,454 units (share).
Last year, according to a report filed with the US Securities and Exchange Commission (SEC)As of the end of SeptemberThe holding amount in is 24,500 shares. Since October, when the price of BTC has risen in earnest, the share has increased by 5954, an increase of 24%.
Rothschild Investment was founded in 1908 and is an investment management company that has been providing investment services for over 112 years. Although it bears the name of the Rothschilds, it has no direct relationship with the Rothschilds, also known as the European conglomerate. The company has long been known to have invested in GBTC, and it is reported that it first purchased GBTC in 2017.
GBTC data is one of the key indicators that provides visibility into institutional capital inflows. The strategist of JPMorgan Chase, a major US bank, also uses the inflow of funds into GBTC as an important indicator as a factor that will influence the future price movement of BTC.
Relation: JP Morgan Strategist “In the short term Bitcoin is leaning towards downside risk”
On the 19th of last week, the 24-hour inflow of funds at GBTC reached a record high of 16,244 BTC this year (equivalent to 62 billion yen at the rate of the day). It suggested that the demand of institutional investors has not declined even after the BTC price crashed by 10,000 dollars (about 1.03 million yen).
Relation: Grayscale Bitcoin Investment Trust, new daily inflows worth 62 billion yen, the highest this year
The changes in the amount of GBTC inflows provided by data provider Bybt are as follows. It shows the data from June 10, 2020 to January 22, this year.
GBTC’s asset management amount is about 21.6 billion dollars (about 2.2 trillion yen) as of the 25th. The total investment value of grayscale investment trusts is over $ 26 billion (about 2.7 yen).
01/25/21 UPDATE: Net Assets Under Management, Holdings per Share, and Market Price per Share for our Investment Products.
— Grayscale (@Grayscale) January 25, 2021