@dfgrere
Institutional demand drove GBTC’s premium from -15% to -8%, with **$1.8B** in institutional inflows via OTC channels during Q2 2025 . Retail investors lagged, contributing only $300M through spot markets, reflecting slower adoption of trust products. The divergence highlights institutional front-running of macro events (e.g., Fed cuts) versus retail reactive behavior.
0 reply
0 recast
0 reaction