These are some of the figures which show how much of Bitcoins are being bought by people through institutional investors. GBTC can only be bought by institutional investors, which means people buy it through their 401k etc.In 2019, more than $400 million worth of btc was bought from GBTC.And all these coins have a 1 year lock in period. Which is why the price of a gbtc btc share is much higher than simple market price of just btc.Here are detailed figures for number of bitcoins held in this single trust, with latest number at last row:DateNumber of btc in GBTC31 Dec 2017170,00031 Dec 2018204,39026 July 2019239,51326 Oct 20192577987 Feb 2020 (today)283,192This is good for Bitcointm
Submitted February 07, 2020 at 01:12PM
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