Traders are accustomed to slight price differences between exchanges, but is a 70% gap sustainable? Cointelegraph By Marcel PechmanThis post was originally published on here*
Grayscale AUM up $3.4 Billion in a Week, $500 Million in a Day, GBTC 33% Premium Shows High Bitcoin Demand
Institutional-grade digital asset manager, Grayscale Investments is up $3.4 billion in assets under management (AUM) over the last week, bringing total AUM to $16.4 billion.
Grayscale Bitcoin Trust’s (GBTC) premium on Bitcoin has risen to 33%, indicating “outrageous demand” for BTC from institutional investors as its price consolidates at $23,000.