A recent report from Ark Invest suggests that institutional investors are increasingly interested in Bitcoin. The report found that the amount of BTC stored on OTC trading desks has increased significantly in recent months.
The report discusses the company’s earnings, on-chain activity, transparency, and accessibility of blockchain data.
A 50% increase in Bitcoin transactions in the last year suggests that demand is growing from both individual and institutional investors.
The quantity of bitcoin that had not been transferred in at least a year increased significantly in June. This number hit an all-time high of around 70% of the total circulating supply.
The discount narrowing to its lowest point in a year could be attributed to several factors, including BlackRock’s Bitcoin ETF application and indications that Grayscale had an advantage in its legal battle with the SEC.
The volume of bitcoin held on OTC desks is a reliable measure of institutional participation in the cryptocurrency market. In June, this amount reached a one-year high, suggesting that institutional investors are accumulating bitcoin.
GBTC is the primary offering from Grayscale, and it allows investors to participate in share trading within trusts that hold bitcoin portfolios. This gives investors a way to invest in Bitcoin without having to buy and store it themselves.