The post Grayscale Bitcoin Trust Holds Over $16B in BTC, Reveals Arkham Analysis! appeared first on Coinpedia Fintech News

The Grayscale Bitcoin Trust has been identified as the second-largest Bitcoin holding entity in the world, according to a report by Arkham. Holding over $16 billion worth of BTC on-chain, the trust is a popular option for institutional investors seeking exposure to the cryptocurrency market. Arkham had previously confirmed that the Grayscale Ethereum Trust is the second-largest Ethereum holding entity in the world, with $5 billion worth of ETH in its holdings. These reports highlight the growing demand for cryptocurrency among institutional investors.