The number of bitcoins under the control of the Grayscale Bitcoin Trust Fund in April increased to 225 638 BTC ($1,42 billion). The last time the index was at this level in July of 2018, according to The Block.
For the month, the inflow amounted to a record 11 236 BTC, it’s more than in the previous four months combined.
Grayscale Bitcoin Trust (GBTC) works only with qualified investors, the minimum investment amount is $50 thousand. According to the Fund, 80% of investments in the past year occurred at the institutional (66%) and accredited (14%) of market participants.
The interest of institutional investors in bitcoin as evidenced by the fact that from December 2018 the premium when purchasing the securities GBTC in relation to the clean price of assets increased by 40%.
We will remind, earlier in may, the shares of GBTC took the lead in trading volume on OTC Markets Group.