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News Explorer — Institutional Bitcoin Holders on the Rise: Ark Invest

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Jul 6, 8:18 pm

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Institutional Bitcoin Holders on the Rise: Ark Invest

Institutional investors and long-term Bitcoin holders are showing increased bullishness, says Ark Invest, with the balance of Bitcoin held on OTC desks reaching an all-time high of nearly 8,000 BTC, indicating growing institutional interest. Grayscale's Bitcoin Trust (GBTC) has also doubled in value this year, with its shares now trading at $20. Additionally, the report highlights that 70% of the circulating supply of BTC has not moved in over a year, signaling strength in the network.

Institutional investors and long-term Bitcoin holders are showing increased bullishness, says Ark Invest, with the balance of Bitcoin held on OTC desks reaching an all-time high of nearly 8,000 BTC, indicating growing institutional interest. Grayscale's Bitcoin Trust (GBTC) has also doubled in value this year, with its shares now trading at $20. Additionally, the report highlights that 70% of the circulating supply of BTC has not moved in over a year, signaling strength in the network.

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