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?