Institutional investors are becoming more and more involved in Bitcoin (BTC). At least this is the result of the Diar report published on 8 April.
Diar’s data reveal that from month to month, the percentage of institutional BTC-related products is an increasing percentage of the total volume of this market. In January it was 15%, in February it was 17%, in March 18% and currently – 19%. Diar’s data focuses in particular on three institutional products – Bitcoin Chicago Mercantile Exchange (CME), Bitcoin Chicago Board Options Exchange (CBOE) and Bitcoin Investment Trust (GBTC) Grayscale.
What about this volume?
This data can be enjoyed, but it is worth noting that the growing popularity of institutional products expressed as a percentage results from the general decline in bitcoin trading volumes on regular stock exchanges.
For this in the context of its findings, Diar quotes a recent analysis by Bitwise Asset Management, from which we learn that supposedly as much as 95 percent of the volume on unregulated exchanges seems to be false.