47% Rise in Grayscale’s GBTC Trust Signals High Institutional Demand

Until an ETF is approved there is only one way to buy a Bitcoin derivative through a traditional brokerage account, the Grayscale Bitcoin Trust or GBTC. Grayscale is the world’s largest digital asset fund and so far they’ve been the only institution that’s been able to get approval to list a Bitcoin product on the stock market. Recently that product has seen a large surge in its price, proving that there is increasing institutional demand for Bitcoin.

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