Rothschild Investment adds Bitwise XRP ETF, grows crypto basket to $3.5M

Rothschild Investment has added the Bitwise XRP ETF to its book and expanded its cryptocurrency exchange-traded fund holdings to roughly $3.5 million, according to a 13F filing submitted to the U.S. Securities and Exchange Commission. The Chicago-based firm disclosed the position as part of its mandatory quarterly report on equity holdings.

The new stake is small change for a manager with a $2.69 billion portfolio. But the direction of travel is clear. Rothschild is spreading its digital asset exposure across an unusually wide shelf of products. Bitcoin funds sit at the center. XRP is the newest edge of the basket.

Where the money actually sits

BlackRock's iShares Bitcoin Trust ETF dominates the crypto sleeve. Rothschild holds 40,188 shares, valued near $1.9 million. That single position accounts for more than half of the firm's Bitcoin fund exposure.

The remaining Bitcoin holdings stack up quickly:

• Grayscale Bitcoin Trust ETF: $911,300
• Morgan Stanley Bitcoin Trust ETF: $335,160
• Grayscale Bitcoin Mini Trust ETF: $125,113
• VanEck Bitcoin ETF: $118,100
• Bitwise Bitcoin ETF: $116,802
• Fidelity Wise Origin Bitcoin Fund: $2,107

Together, the seven Bitcoin-focused positions total approximately $3.51 million.

Ethereum products form the second pillar. The filing shows $538,622 in the Grayscale Ethereum Staking ETF and $476,500 in the Bitwise Ethereum ETF. Rothschild also holds 24,250 shares of the Bitwise Crypto Industry Innovators ETF, worth $615,223, plus $38,360 in the Grayscale CoinDesk Crypto 5 ETF.

What does this change for the XRP market?

Not much on its own, frankly. One mid-size wealth manager buying an XRP fund does not move a market. The signal matters more than the dollars. A 13F is a public document, and rivals read it. When a traditional house names an altcoin ETF alongside BlackRock and Fidelity products, it normalizes the category for advisors who once treated anything beyond Bitcoin as untouchable.

The filing also shows Rothschild is not limiting itself to funds. It owns shares in publicly traded companies with deep crypto operations: Coinbase Global at $86,681, Block at $125,060, and Bitcoin miner Riot Platforms at $42,980. The largest of these equity positions is $530,763 in Strategy, the digital asset firm founded by Michael Saylor.

That mix points to a deliberate strategy. Rothschild is buying the asset through ETFs, the infrastructure through exchanges and miners, and the most leveraged balance-sheet play through Strategy. It is a full-stack approach to crypto exposure, built with regulated wrappers.

The next 13F cycle lands in mid-November, covering third-quarter holdings. That filing will show whether the XRP position grew, held flat, or was a one-quarter trade, and whether the firm's Bitcoin-heavy allocation started to rebalance toward the newer altcoin products.