Sunday, December 4, 2022

Institutions increase exposure to Grayscale Bitcoin Trust as GBTC discount nears 30% By Cointelegraph


© Reuters.

Institutional investors are returning to accumulate Grayscale Trust (GBTC) shares as the discount to spot price his risen to nearly 30%, data on Glassnode shows.

Since December 2021, some weekly sessions saw investors pouring in between $10 million and $120 million into Grayscale’s flagship fund. Meanwhile, the biggest capital inflow — amounting to nearly $140 million — appeared in the week ending on Feb. 25, as shown in the chart below.

Institutional Grayscale Investments since September 2021. Source: Glassnode
ARKW weekly price chart. Source: TradingView
Institutional Grayscale Investments. Source: Swissblock Technologies, Glassnode
Grayscale Bitcoin Trust’s discount/premium to net asset value. Source: YCharts

Continue Reading on Coin Telegraph

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Source link


Please enter your comment!
Please enter your name here



Related Stories