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Institutional demand for bitcoin appears to be increasing

by Larry Cermak

May 13, 2019, 11:57AM EDT  ·  3 min read

Quick Take

  • GBTC’s assets under management (AUM), which in this case is just the value of all the bitcoins held in the fund, reached a 10-month high of $1.42 billion
  • By the end of April, Grayscale held 225,638 bitcoins or just under 1.3% of bitcoin’s total circulating supply
  • Bitcoin inflows, or the amount of bitcoin added to GBTC’s holdings, have reached an all-time high in April signaling an increase in institutional demand
  • The GBTC premium is currently nearly 40% and has increased consistently since December, which shows a shift of the sentiment in the market

by Larry Cermak

May 13, 2019, 11:57AM EDT  ·  3 min read

Grayscale Bitcoin Trust (GBTC), a $1.4 billion closed-end fund that invests exclusively in bitcoin, serves as perhaps the best indicator of institutional investment in bitcoin. And the data is showing an uptick in the institutional demand.

Only qualified accredited investors can invest directly in GBTC with a minimum investment of $50,000.