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

Institutional demand for bitcoin appears to be increasing

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

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