Institutional investors are hungry for Bitcoin and increase their demand
Just days before the start of 2021, institutional investors are hungry for the leading crypto. What has happened? Three Arrows Capital reportedly has a position of more than $1 billion in crypto 'Grayscale Bitcoin Trust', according to a new filing filed with the U.S. Securities and Exchange Commission. Is the institutional FOMO driving the price of Bitcoin (BTC)? Investors hungry for Bitcoin In June 2020, according to a document filed with the SEC, GBTC holdings reported by Three Arrows Capital were just over 21 million shares. According to the most recent filing, the company's position is equivalent to approximately 39 million shares with a valuation of USD 1.24 billion, which translates into 36,969 bitcoins, or 6.1% of GBTC holdings. "We continue to enjoy working with the Grayscale team and look…