Grayscale News

Institutional crypto appetites have shifted away from altcoins back to Bitcoin, with BTC investment products leading the inflows for digital asset products for the second week in a row.

Grayscale’s GDLC fund now includes SOL and UNI at 3.24% and 1.06%, respectively, after reducing LTC and BCH holdings.

The investment firm has increased its shares of GBTC by more than 105% since April.

Despite the recent selloff in the crypto markets, institutional managers have been quietly turning bullish over the past month.

Institutions were betting big on Solana investment products last week, with SOL-tracking products attracting 86.6% of institutional inflows to digital asset products last week.

Inflows to Solana-based investment products saw a whopping 388% increase last week, with institutional investors gaining exposure to $13.2 million worth of SOL products.

A Bitcoin ETF approval will open the door for more conservative investors, and this could have an irreversible impact on the price of BTC.

Ether and Cardano continue to dominate inflows to institutional crypto investment products, while demand for BTC weakens.

The investment firm already has significant exposure to gold, minerals, precious metals, petroleum and other natural resources.

What was once a major bearish narrative exits via the tradesman’s entrance after failing to have any impact on Bitcoin markets.

While asset managers have accumulated 4% of Bitcoin’s supply, private and public companies have also amassed 1% each.

Solana represented one-third of total inflows to institutional crypto investment products this past week.

GBTC will “take time” to restore its balance thanks to changing market forces, analyst Willy Woo says.

Michael Burry called the subprime mortgage crisis, and he’s now turned his attention to Ark’s flagship Innovation ETF, which invests in companies such as Tesla and Square as well as GBTC.

There’s no doubting the BTC price upside, but under the hood, all is not what it seems, one analyst highlights.