Grayscale Bitcoin Trust product continues to break new records, but be careful on interpreting the driving factor behind the flows

Quick Take

  • The Block Research’s update on Grayscale’s GBTC inflow data
  • Grayscale’s GBTC is the second most actively traded stock on leading U.S. OTC platform, behind just Tencent B Shares; with monthly trading volumes only making up only ~25% of OTC GBTC volume in September

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