‘Lone’ Bitcoin Investment Trust Below $1 Bln for First Time in 2018
Cointelegraph
Published Dec 04, 2018 00:00
Updated Dec 04, 2018 00:17
Grayscale’s Bitcoin Investment Trust (GBTC) was worth less than $1 billion for the first time this year, Diar reports Dec. 3. Grayscale is purportedly the ‘lone’ Bitcoin (BTC) investment trust in the U.S.
While the fund’s worth in dollars has decreased, its saw a record number of Bitcoin deposits. GBTC, reportedly “the cryptocurrency's space largest institutional investment firm” is now holding over 203,000 BTC, which Diar points out is “just over 1 percent of circulating supply.”
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Written By: Cointelegraph
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