The volume of bitcoins managed by Grayscale Bitcoin Trust rose to $ 1.42 billion

The volume of bitcoins managed by Grayscale Bitcoin Trust rose to $ 1.42 billion

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The amount of bitcoins managed by the Grayscale Bitcoin Trust rose to $ 1.42 billion. The number of bitcoins managed by the Grayscale Bitcoin Trust in April rose to 225,638 BTC ($ 1.42 billion). The last time this figure was at a similar level in July 2018, reports The Block.

Over the month, the inflow amounted to a record 11,236 BTC, which is more than in the previous four months combined. Grayscale Bitcoin Trust (GBTC) works only with qualified investors, the minimum amount of investments is $ 50 thousand.

According to the fund, 80% of investments last year were accounted for by institutional (66%) and accredited (14%) market participants.

The interest of institutional investors in cryptocurrency is also evidenced by the fact that since December 2018, the premium on the purchase of GBTC securities relative to the net price of assets has increased by 40%.

Earlier in May, GBTC shares took the lead in terms of trading volume at the OTC Markets Group.

The volume of bitcoins managed by Grayscale Bitcoin Trust rose to $ 1.42 billion

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