July 16, 2019, 12:28PM EDT
• 2 min read

Grayscale Bitcoin Trust's assets under management hits all-time high of $2.8B, but institutional demand softens

Quick Take

  • GBTC’s assets under management reached an all-time high of $2.8 billion
  • By the end of June, Grayscale held 225,316 bitcoins or just under 1.3% of Bitcoin’s total circulating supply
  • Bitcoin inflows, or the amount of bitcoin added to GBTC’s holdings, are reaching lows, which signals a falling institutional interest
  • The GBTC premium is currently about 30% and has started decreasing, which shows a shift in market sentiment

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