GBTC Premium Rises 47% Above Bitcoin Price Signalling Institutional Demand36

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, a product offered by Grayscale Investments, the world’s largest digital asset fund, is having a great year so far, gaining more than 56 percent in the past three months.

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