The Grayscale Bitcoin Investment Trust (GBTC) was trading with an implied Bitcoin price of over $10,000 May 14 as investor interest peaked. GBTC At 30% Bitcoin Price Premium GBTC, which has made 24-hour gains of almost 20 percent, currently trades on the basis of a single bitcoin costing around $10,200 – a full $2300, or almost 30 percent, above average market rates. The frenetic activity marks yet another sign of the bullish sentiment among retailRead MoreThe post Institutions Are Here: CME Bitcoin Futures Trade Record $1.3 Billion appeared first on Bitcoinist.com.
