In its latest quarterly report on April 16, Grayscale revealed that GBTC now contains 1.7% of the circulating supply of Bitcoin.
Bitcoin investors shun “risk-off” mood
In terms of assets under management as a proportion of the total cryptocurrency market cap, Grayscale controls 1.2% of the world’s crypto.
The Bitcoin ownership figure is up 0.1% since the end of 2019, underscoring the fact that the huge market uncertainty sparked by coronavirus has yet to reverse Grayscale’s fortunes.
Overall, Grayscale’s ten crypto funds attracted over $500 million in investments, making it its best quarter on record.