Grayscale Bitcoin Trust has collected more than 285,000 BTC on its accounts
The total volume of crypto assets of the Grayscale Trust (GBTC) has reached 285,000 BTC ($ 2.8 billion). The fund’s historic maximum assets ($ 3.3) billion were recorded on December 18, 2017, when bitcoin was twice as expensive.
The share of bitcoins controlled by GBTC is now at a historic high. The trust has 1.57% BTC of the total issue of the first cryptocurrency.
Grayscale charges customers for servicing the fundannual commission of 2%. Journalists of The Block made the calculations and came to the conclusion that Grayscale over the past 4 years has earned more than $ 80 million only through commission fees with GBTC.
Only the right to invest directly in GBTC isqualified accredited investors. However, anyone can buy shares of the fund in the open market. Over the past year, 71% of investments in GBTC were made by institutional investors, mainly hedge funds.
Based on this information, you canconsider the volume of investments in GBTC as a certain indicator of interest in bitcoin by institutional investors in the United States. In the histogram below, you can see that GBTC is not always available for investment. In total, investors invested $ 64 million in it in 2017, $ 220 million in 2018 and $ 438 million in 2019.
In January, the activity of GBTC investors grew morethan twice. Last month, the amount of transactions on the instrument amounted to $ 43.49 million, and a month before this figure was only $ 18.80 million. Peaks of the last year fell in the first two months of summer and amounted to $ 93.43 million and $ 90.05 million, respectively.
source: https: //bits.media/bitkoin-trast-grayscale-sobral-na-svoikh-schetakh-bolee-285-000-btc/