Why is Wall Street becoming less interested in Grayscale’s Bitcoin Trust?

Why is Wall Street becoming less interested in Grayscale’s Bitcoin Trust?

BTC demand via Grayscale Bitcoin Trust is dropping for several key reasons. There is a reason why Grayscale Bitcoin Trust (GBTC) emerged as a benchmark to measure institutional interest in Bitcoin (BTC). Grayscale no longer the only option for investorsThe digital currency investment product was among the only ones that offered hedge funds, endowments, pension funds, and family offices a way to gain exposure to Bitcoin without needing them to own the digital asset themselves.Therefore, a rising capital inflow into GBTC — such as the one reported last year, wherein Wall Street investors....


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