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

InstitutionalJuly 16, 2019, 12:28PM EDT
UPDATED: March 17, 2022, 5:58PM EDT
Grayscale Bitcoin Trust's assets under management hits all-time high of $2.8B, but institutional demand softens
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Grayscale Bitcoin Trust (GBTC), a closed-end fund that invests exclusively in bitcoin, serves as perhaps the best indicator of institutional investment in bitcoin.

In Q1 2019, institutional investors composed 73% of total demand for Grayscale products; trailed by retirement accounts (16%) and family offices (10%).

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