Bright Future? Bitcoin Is Trading For $11,600 On Grayscale Bitcoin Investment Trust

Bitcoin has gone through a mild decline throughout the past 24 hours, losing about $200 of its value. This represents a decrease of around 2.5 percent on the day. However, the Grayscale Bitcoin Trust (GBTC) currently trades at $11.44 per share, putting the price of Bitcoin upwards of $11,600. Can this be a signal that institutional interest is mounting up?

Bitcoin Price Soars on GBTC

Shares of the Grayscale Bitcoin Investment Trust (GBTC) have seen a serious increase in their price throughout the past month. Unlike regular cryptocurrency exchanges where the price topped at around $8,900, GBTC saw it shares soar up to $11.44 at the time of this writing.

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