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2019-04-12 19:00:23

GBTC Premium Rises 47% Above Bitcoin Price Signalling Institutional Demand

The Grayscale Bitcoin Trust is marking notable gains since the beginning of 2019, despite the rising premium in the product compared to Bitcoin’s net asset value (NAV). According to some, this is a sign of institutional net buying and that new money is coming into the market. GBTC Soars 47% Since Pre-5K Breakout GBTC, a product offered by Grayscale Investments, the world’s largest digital asset fund, is having a great year so far, gaining moreRead MoreThe post GBTC Premium Rises 47% Above Bitcoin Price Signalling Institutional Demand appeared first on Bitcoinist.com.