Bitcoin
The Rothschilds Hold $4.2 Million in Bitcoin Through ETFs
Alex Dovbnya
Edmond de Rothschild (Suisse) SA Now Holds Shares in Bitcoin Exchange-Traded Funds, According to Recent Regulatory Filing
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Edmond de Rothschild (Suisse) SA, the family-owned banking giant of the prominent European banking dynasty, holds $4.2 million in Bitcoin exchange-traded funds.
According to recent regulation archivingowns $4.2 million worth of shares in BlackRock’s iShares Bitcoin Trust (IBIT) and $82,121 worth of shares in Grayscale Bitcoin Trust (GBTC).
Edmond de Rothschild (Switzerland) is part of the Edmond de Rothschild Group, which has around $174 billion in assets under management.
The Benjamin de Rothschild family announced its plan to take the famous Swiss bank private in 2019.
In 2018, two branches of the Rothschild dynasty (Rothschild & Co of France and Edmond de Rothschild Bank of Switzerland) resolved a long-running dispute over the use of the prestigious family name. The Paris-based branch agreed not to use the stand-alone name for its banking and asset management businesses.
The legendary European banking dynasty was founded in the 18th century by Mayer Amschel Rothschild, considered one of the most influential businessmen of all time. The family financed the British government during the Napoleonic Wars.
In 2023, Ariane de Rothschild became CEO of the Edmond de Rothschild Group. Despite not being a Rothschild by blood, she ended up being the first woman to run the family bank, challenging Geneva’s conservative attitudes.
The remaining heirs of the Rothschild dynasty are believed to be worth more than a billion dollars.
In 2020, Chicago-based Rothschild Investment Corporation also released its holdings in Grayscale’s GBTC. However, he is not related to the famous banking family.
About the author
Alex Dovbnya
Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience covering everything related to the booming industry – from price analysis to Blockchain disruption. Alex has authored over 1,000 stories for U.Today, CryptoComes, and other fintech media outlets. He is particularly interested in regulatory trends around the world that are shaping the future of digital assets. He can be reached at alex.dovbnya@u.today.