{"id":104478,"date":"2020-11-04T06:28:23","date_gmt":"2020-11-04T03:28:23","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/grayscale-trust-sees-largest-ever-weekly-inflow-nears-500k-btc-in-total\/"},"modified":"2020-11-04T06:28:23","modified_gmt":"2020-11-04T03:28:23","slug":"grayscale-trust-sees-largest-ever-weekly-inflow-nears-500k-btc-in-total","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/grayscale-trust-sees-largest-ever-weekly-inflow-nears-500k-btc-in-total\/","title":{"rendered":"# Grayscale Trust sees largest-ever weekly inflow, nears 500K BTC in total"},"content":{"rendered":"

“# Grayscale Trust sees largest-ever weekly inflow, nears 500K BTC in total <\/strong>”<\/p>\n

Grayscale\u2019s Bitcoin (BTC) Trust<\/a> is on track to reach 500,000 BTC by the end of 2020.\u00a0<\/p>\n

Last week, Grayscale saw a record inflow of $215 million (15,907 BTC) that surpassed all previous investments into the Trust. The firm now holds $6.7 billion (481,711 BTC) as of the time of writing.<\/p>\n

Should the firm continue last month\u2019s growth-rate of 32,000 BTC, Grayscale in on track to hold 500,000 BTC (2.7% of circulating supply) within three weeks. By the end of next year, if the rate is consistent, Grayscale could control 926,600 BTC \u2014 equal to 5% of Bitcoin\u2019s total current supply. <\/p>\n

Grayscale\u2019s Bitcoin Trust investments 2020. Source: <\/em>Grain of Salt<\/em><\/a><\/figcaption><\/figure>\n

The Trust, created in September 2013, has seen explosive growth this year, with its assets under management (AUM) growing from $1.9 billion to $4.7 billion in the first nine months of 2020. Since Grayscale\u2019s Q3 report, the AUM of its Bitcoin Trust has grown by an additional $2 billion.<\/p>\n

Almost 70% of Grayscale\u2019s total weekly inflows were invested into its Bitcoin Trust over the past three quarters. Bitcoin Trust weekly inflows grew from a 12-month average of $39.5 million to more than $55 million in Q3, 84% of which was attributed to institutional investors. <\/p>\n

Last week, Grayscale published<\/a> its second Bitcoin Investor Study in which the firm found U.S. investors that were interested in investing in BTC had grown from 36% in 2019 to 55% in 2020.<\/p>\n

Grayscale holds vastly more Bitcoin than any other listed company (although a fund isn\u2019t directly comparable with a company holding BTC as a reserve asset). As of Oct 13th, the remaining 12 companies combined hold app<\/a>roximately 150,000 BTC with notable holdings from Microstrategy (38,250 BTC), Mike Novogratz\u2019s Galaxy Digital (16,551 BTC), and Jack Dorsey\u2019s Square (4,709 BTC).<\/p>\n

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Not only @Square<\/a>, in 2020 there are more than 10 Public Companies investing in $ BTC, with a total value of over $ 6 billion, equivalent to nearly 600,000 BTC.$BTC<\/a> #BTC<\/a> pic.twitter.com\/7zxX94Clwx<\/a><\/p>\n

\u2014 Coin98 Analytics (@Coin98Analytics) October 13, 2020<\/a><\/p><\/blockquote>\n<\/div>\n