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Bitcoin Bull Market: Institutional BTC Premium Reaches 37 Percent on Grayscale

aWhile BTC trading on the spot market has experienced a slight decline, institutional interest seems to be on the rise. GBTC is currently at $11.44 per share, and with each share worth about 0.00098247 BTC, Grayscale institutional clients are buying BTC at $11,644.

This figure represents a 37 percent premium on the average spot market price, another indicator of growing institutional adoption. The premium also serves to solidify the argument that stronger market and technical fundamentals are creating greater hype not just among retail traders but institutional buyers as well.

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