Rothschild Investments and Brevan Howard bet big on crypto
Brevan Howard Asset Management and Rothschild Investments have joined the recent slew of asset managers betting on digital assets. Together, the two firms have put around $60 million towards digital assets.
Bloomberg reported that Brevan Howard will initially invest up to 1.5% of the fund in digital assets, and an SEC filing states, Rothschild Investment purchased $4.5 million worth of Grayscale Ethereum Trust Shares.
This isn’t Brevan Howard’s first foray into digital asset territory; the firm acquired a 25% stake in One River Digital Asset Management, and its co-founder Alan Howard also previously invested his own money in crypto.
For Rothschild Investments, this marks its first time investing in Ethereum. The 211-year old institutional investment manager reported owning over 38,000 shares of the Grayscale Bitcoin Trust, up from 30,000 in January earlier this year.
Who’ll join them next?