{"id":426744,"date":"2020-06-10T00:00:53","date_gmt":"2020-06-10T00:00:53","guid":{"rendered":"https:\/\/wncen.com\/?p=426744"},"modified":"2024-06-11T10:32:41","modified_gmt":"2024-06-11T10:32:41","slug":"3-trends-wall-street-bitcoin-crypto","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/3-trends-wall-street-bitcoin-crypto\/","title":{"rendered":"3 Trends Are Drawing Wall Street to Bitcoin and Crypto: Fidelity Survey"},"content":{"rendered":"
Over the past few months, we’ve seen a strong uptick in institutions adopting Bitcoin and crypto-assets.<\/p>\n
Nothing shows this as well as Grayscale’s Bitcoin<\/a> Trust, a leading way that institutional investors can use to gain exposure to cryptocurrency. According to NewsBTC’s research<\/a>, the trust brought in 62,972 BTC over the past 12 weeks. Over that same time frame, 125,368 coins were mined.<\/p>\n That’s to say, a single firm on behalf of its institutional clients was responsible for buying 50% of all the BTC mined over the past three months.<\/p>\n 62,972 Bitcoin has been added to Grayscale's Bitcoin Trust over the past 12 weeks. <\/p>\n Over the same time frame, 125,368 BTC was mined.<\/p>\n Institutional investors are accumulating vast amounts of Bitcoin. Now add exchanges and the halving into the mix. pic.twitter.com\/zueQphXXfl<\/a><\/p>\n — Nick Chong (@n1ckchong) June 8, 2020<\/a><\/p><\/blockquote>\n\n